SmarterDividends
PDT

John Hancock Premium Dividend Fund (PDT) Dividend

John Hancock Premium Dividend Fund · Financial Services · Asset Management · monthly payer

$12.13

Undervalued · +51% Add to Portfolio

As of Nov 8, 2026, John Hancock Premium Dividend Fund (PDT) pays a monthly dividend of $0.0880 per share, or $1.06 a year, a 8.74% yield at its $12.13 share price. The next ex-dividend date is Nov 12, 2026, paid Nov 26, 2026. It has a dividend safety grade of B.

Forward Yield

8.74%

Annual Dividend

$1.06

Payout Ratio

39%

5-Yr Growth

-3.7%

Ex-Date

Nov 12, 2026

Frequency

Monthly

Key facts about PDT's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, John Hancock Premium Dividend Fund (PDT) has a forward dividend yield of 8.74%, based on an annual dividend of $1.06 per share and a share price of $12.13.
  • As of Nov 8, 2026, PDT's dividend safety grade from SmarterDividends is B (67 out of 100), which rates the dividend as safe.
  • PDT last cut its regular dividend in 2024.
  • PDT's next ex-dividend date is Nov 12, 2026, with payment on Nov 26, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 8, 2026, PDT pays out 39% of its trailing 12-month earnings as dividends (its payout ratio).
  • PDT's dividend has shrunk at an average rate of 3.7% a year over the past five years.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for PDT is $18.34 per share, 51% above the $12.13 share price, so PDT screens as undervalued.
  • John Hancock Premium Dividend Fund (PDT) pays its dividend monthly, 12 times a year.
  • John Hancock Premium Dividend Fund (PDT) has raised its regular dividend 12 times and cut it 9 times across the 446 payments on record since 1990. Its most recent change was a 6.0% increase to $0.0880 per share, going ex-dividend on Jul 13, 2026. The last cut went ex-dividend on Jul 12, 2023.
Cite this page

SmarterDividends, "PDT Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/PDT

Is PDT a good dividend stock?

Yes, with caveats

John Hancock Premium Dividend Fund (PDT) pays a monthly dividend yielding 8.74% ($1.06/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (39%)

Risks

  • Cut its dividend in 2024
  • Dividend has been shrinking, not growing
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
8.74%
Payout Ratio
39%
Annual Dividend
$1.06
5-Yr Avg Growth
-3.7%
Ex-Dividend Date
Nov 12, 2026
Years of Growth
0
Frequency
monthly
Beta
0.70
Market Cap
$596.6M
P/E Ratio
4.8
5-Yr Total Return
-29%
52-Week Range
$11.49 – $13.65
Dividend Safety
B · 67/100
Ever Cut?
Yes (2024)

PDT dividend raises and cuts

John Hancock Premium Dividend Fund (PDT) has raised its regular dividend 12 times and cut it 9 times across the 446 payments on record since 1990. Its most recent change was a 6.0% increase to $0.0880 per share, going ex-dividend on Jul 13, 2026. The last cut went ex-dividend on Jul 12, 2023.

Ex-dateChangeOld → newMove
Jul 13, 2026Raise$0.0830 → $0.0880+6.0%
Jul 12, 2023Cut$0.0980 → $0.0830−15.3%
Jul 7, 2016Raise$0.0900 → $0.0980+8.9%
Dec 24, 2014Cut$0.0960 → $0.0900−6.3%
Dec 9, 2014Raise$0.0900 → $0.0960+6.7%
Oct 9, 2014Raise$0.0800 → $0.0900+12.5%
Dec 26, 2013Raise$0.0750 → $0.0800+6.7%
Oct 9, 2013Cut$0.0760 → $0.0750−1.3%
Sep 11, 2013Raise$0.0750 → $0.0760+1.3%
Dec 27, 2012Cut$0.0760 → $0.0750−1.3%
Jul 8, 2010Raise$0.0710 → $0.0760+7.0%
Aug 11, 2009Raise$0.0610 → $0.0710+16.4%
Show all 21 changes since 1990
Ex-dateChangeOld → newMove
May 7, 2009Raise$0.0550 → $0.0610+10.9%
Jan 8, 2009Raise$0.0480 → $0.0550+14.6%
Jun 7, 2007Raise$0.0220 → $0.0480+118.2%
May 30, 2007Raise$0.0170 → $0.0220+29.4%
May 25, 2007Cut$0.0480 → $0.0170−64.6%
Jul 11, 2006Cut$0.0570 → $0.0480−15.8%
Oct 11, 2005Cut$0.0650 → $0.0570−12.3%
Jun 24, 1999Cut$0.0750 → $0.0650−13.3%
Dec 24, 1990Cut$0.110 → $0.0750−31.8%
Every PDT payment →Download every raise and cut (CSV)
PDT ex-dividend date & scheduleNext ex-date Nov 12, 2026 · full ex-dividend historyView →PDT dividend historyEvery payment, totals by year, raises and cutsView →PDT dividend calculator100 shares pay $106.00 a year, $8.83 each monthCalculate →PDT total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is PDT a good dividend stock?

Yes, with caveats. John Hancock Premium Dividend Fund (PDT) pays a monthly dividend yielding 8.74% ($1.06/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is PDT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PDT's fair value is about $18.34 versus a $12.13 share price — so it looks undervalued (+51% vs. fair value).

Is PDT's dividend safe?

PDT has a dividend-safety grade of B (67/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

What is PDT's fair value?

Our blended fair-value estimate for PDT is about $18.34 per share, roughly 51% above the current $12.13 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PDT a buy, hold, or sell?

We don't issue formal ratings, but on the data PDT screens as "yes, with caveats" and undervalued. John Hancock Premium Dividend Fund (PDT) pays a monthly dividend yielding 8.74% ($1.06/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will PDT cut its dividend?

PDT earns a dividend-safety grade of B (67/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PDT pay a dividend?

Yes. John Hancock Premium Dividend Fund pays a monthly dividend of about $1.06 per share annually, a forward yield of roughly 8.74%.

How much dividend does 100 shares of PDT pay?

At $1.06 per share a year, 100 shares of PDT pay $106.00 a year in dividends before tax, about $8.83 each month. Buying them costs about $1,213 at the Nov 8, 2026 price.

What is PDT's dividend yield?

As of Nov 8, 2026, PDT's forward dividend yield is 8.74%, based on a $1.06 annual dividend and a $12.13 share price.

What is PDT's dividend per share?

As of Nov 8, 2026, PDT pays $1.06 per share per year, distributed on a monthly basis.

What is PDT's dividend payout ratio?

As of Nov 8, 2026, PDT's payout ratio is 39% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has PDT grown its dividend?

PDT does not currently have a long dividend-growth streak on record.

When is the next PDT ex-dividend date?

As of Nov 8, 2026, the next ex-dividend date on record for PDT is Nov 12, 2026.

Income Calculator

At $1.06 / yr per share

Per payment (monthly)$8.83
Annual$106.00
Monthly avg$8.83
Full PDT dividend calculator →

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