John Hancock Tax-Advantaged Dividend Income Fund Announces Increased Monthly Distributions (PR...

BOSTON, Aug. 1 /PRNewswire-FirstCall/ -- John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD - News ) announced today that the Fund will increase its monthly distribution rate to $0.14, up from $0.125, effective with the Fund's next distribution payment on August 29, 2008 payable to holders of record on August 13, 2008. The ex-dividend date is August 11, 2008. Please read the Important Distribution Disclosure section below for information regarding the distribution components, including tax-free return of capital, which may be included in distributions paid out at the new increased level. On an annualized basis, the new distribution level equates to a NAV distribution rate of 10.69% and a market value distribution rate of 11.90% based on the Fund's net asset value of $15.72 and closing share price of $14.12 on July... [read full story]