John Hancock Premium Dividend Fund
PDTFinancial Services · Stock · monthly payer
Forward Yield
8.96%
Annual Dividend
$1.06
Payout Ratio
39%
5-Yr Growth
-3.7%
Ex-Date
Sep 11, 2026
Frequency
Monthly
Summary
As of September 2026, John Hancock Premium Dividend Fund (PDT) yields 8.96% ($1.06 per share annually), with a blended fair-value estimate of $13.52 — +11% upside, so it screens as fairly valued. Dividend safety grade: B (67/100).
Is PDT a good dividend stock?
Yes, with caveatsJohn Hancock Premium Dividend Fund (PDT) pays a monthly dividend yielding 8.96% ($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
- 8.96%
- Payout Ratio
- 39%
- Annual Dividend
- $1.06
- 5-Yr Avg Growth
- -3.7%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.69
- Market Cap
- $579.4M
- P/E Ratio
- 4.6
- 5-Yr Total Return
- -30%
- 52-Week Range
- $11.91 – $13.65
- Dividend Safety
- B · 67/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
PDT Price — Last 12 Months
Daily close
Price Return
1 Year
-7%
3 Years
+27%
5 Years
-30%
52-Week Range
$11.91 – $13.65
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PDT worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for John Hancock Premium Dividend Fund is $13.52 per share, versus a market price of $12.13. That implies the stock is roughly fairly priced.
Fair Value
$13.52
Current Price
$12.13
Gap
+11%
Margin of Safety
10%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 2.3% annual free-cash-flow growth. We model -3.3% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.7% discount rate (CAPM), -3.3% stage-1 growth, 2.5% terminal growth, $2.55 EPS, $1.06 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PDT Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PDT dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 11, 2026 | — | $0.0880 | regular |
| Aug 13, 2026 | — | $0.0880 | regular |
| Jul 13, 2026 | — | $0.0880 | regular |
| Jun 11, 2026 | — | $0.0830 | regular |
| May 11, 2026 | — | $0.0830 | regular |
| Apr 13, 2026 | — | $0.0830 | regular |
| Mar 12, 2026 | — | $0.0830 | regular |
| Feb 12, 2026 | — | $0.0830 | regular |
| Jan 12, 2026 | — | $0.0830 | regular |
| Dec 11, 2025 | — | $0.0830 | regular |
| Nov 13, 2025 | — | $0.0830 | regular |
| Oct 14, 2025 | — | $0.0830 | regular |
| Sep 12, 2025 | — | $0.0830 | regular |
| Aug 11, 2025 | — | $0.0830 | regular |
Income Calculator
At $1.06 / yr per share
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