# John Hancock Premium Dividend Fund (PDT): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pdt for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: John Hancock · Asset class: Equity - Strategy: Actively Managed · Inception: 1989-12-15 John Hancock Premium Dividend Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector. The fund primarily invests in dividend paying preferred stocks and common stocks of companies. It benchmarks the performance of its portfolio against a composite benchmark comprised of 70% Bank of America Merrill Lynch P... ## Key Facts | Metric | Value | |---|---| | Price | $11.86 | | Expense Ratio | 4.32% | | Market Value | $583.1M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 8.54% | | Annual Distribution (TTM) | $1.01 /share | | Distribution Frequency | Monthly | | 52-Week Range | $11.49 – $13.65 | | Beta | 0.71 | ## Latest Distribution - Amount: $0.0883 /share - Ex-date: 2026-10-13 - Pay date: 2026-10-30 ## Frequently Asked Questions ### What does PDT invest in? John Hancock Premium Dividend Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector. The fund primarily invests in dividend paying preferred stocks and common stocks of companies. It benchmarks the performance of its portfolio against a composite benchmark comprised of 70% Bank of America Merrill Lynch Preferred Stock DRD Eligible Index and 30% S&P 500 Utilities Index. The fund was formerly known as John Hancock Patriot Premium Dividend Fund II. John Hancock Premium Dividend Fund was formed on December 21, 1989 and is domiciled in the United States. ### What is the expense ratio of PDT? John Hancock Premium Dividend Fund (PDT) charges an expense ratio of 4.32%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PDT's dividend yield? PDT's trailing-twelve-month yield is 8.54%, calculated from the sum of dividends over the past year divided by the current price. ### How big is PDT? John Hancock Premium Dividend Fund (PDT) has a market value of $583.1M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PDT actively managed or an index fund? PDT is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PDT's is 4.32%) in exchange for the discretion to over- or under-weight positions. ### When was PDT launched? John Hancock Premium Dividend Fund (PDT) launched in December 1989 and is managed by John Hancock. ### Does PDT pay a dividend? Yes, John Hancock Premium Dividend Fund (PDT) distributes dividends to shareholders. The trailing-twelve-month yield is 8.54%. Full dividend history is on this page. ### How often does PDT pay dividends? John Hancock Premium Dividend Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PDT's next ex-dividend date? The most recently announced ex-dividend date for PDT was 2026-10-13. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PDT's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 4.32% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PDT charge its expense ratio? The expense ratio is deducted in tiny daily slices from PDT's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PDT cost more than a fund like VOO? PDT is actively managed (current expense ratio 4.32%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PDT's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PDT? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as PDT (4.32%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pdt - Distribution history: https://www.dividenddata.com/funds/pdt/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pdt/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pdt/expenses - Peer comparison: https://www.dividenddata.com/funds/pdt/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.