The John Hancock Premium Dividend Fund (NYSE:PDT) is a closed end fund that "seeks to provide high current income consistent with modest growth of capital” according to the fund manager. The fund opened in December 1989 and has paid monthly dividends every month since February 1990. Total assets are $1.1 billion and net assets are $747 million. The expense ratio is 1.52%. The fund utilizes 34% leverage to enhance yield, which also increases expenses, volatility and interest rate sensitivity. As of 8/5/2019 the fund share price is $17.32 and the yield is 6.79%