John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund IIIverified

HPS

Price:

$16.55

Market Cap:

$528.34M

John Hancock Preferred Income Fund III is a closed ended fixed income 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 fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in preferred securities or other fixed-income securities rated investment grade or higher by Moody's or Standard & Poor's. It benchmarks the performance of its portfolio against the Bank of America Merrill Lynch Hybrid Preferred Securities Index and Barclays U.S. Aggregate Bond Index. John Hancock Preferred Income Fund III ...[Read more]

Industry

Asset Management - Income

IPO Date

2003-06-17

Stock Exchange

NYSE

Ticker

HPS

The Current Ratio as of September 2024 (TTM) for John Hancock Preferred Income Fund III (HPS) is 4.93

According to John Hancock Preferred Income Fund III’s latest financial reports and current stock price. The company's current Current Ratio is 4.93. This represents a change of -28.76% compared to the average of 6.92 of the last 4 quarters.

John Hancock Preferred Income Fund III (HPS) Historical Current Ratio (quarterly & annually)

How has HPS Current Ratio performed in the past?

The mean historical Current Ratio of John Hancock Preferred Income Fund III over the last ten years is 19.57. The current 4.93 Current Ratio has changed 2.42% with respect to the historical average. Over the past ten years (40 quarters), HPS's Current Ratio was at its highest in in the April 2014 quarter at 134.58. The Current Ratio was at its lowest in in the July 2022 quarter at 0.98.

Quarterly (TTM)
Annual

Average

19.57

Median

2.93

Minimum

0.98

Maximum

134.58

John Hancock Preferred Income Fund III (HPS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of John Hancock Preferred Income Fund III Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.42%

Maximum Annual Current Ratio = 134.58

Minimum Annual Increase = -91.11%

Minimum Annual Current Ratio = 0.98

Quarterly (TTM)
Annual
YearCurrent RatioChange
20239.01824.26%
20220.98-61.30%
20212.52-89.69%
202024.441.42%
20191.61-36.39%
20182.54-23.54%
20173.32143.97%
20161.36-91.11%
201515.29-88.64%
2014134.581.14%

John Hancock Preferred Income Fund III (HPS) Average Current Ratio

How has HPS Current Ratio performed in the past?

The current Current Ratio of John Hancock Preferred Income Fund III (HPS) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

4.17

5-year avg

7.71

10-year avg

19.57

John Hancock Preferred Income Fund III (HPS) Current Ratio vs. Peers

How is HPS’s Current Ratio compared to its peers?

John Hancock Preferred Income Fund III’s Current Ratio is less than John Hancock Preferred Income Fund (0), less than John Hancock Premium Dividend Fund (5.07), greater than Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (0.03), greater than John Hancock Tax-Advantaged Dividend Income Fund (1.99), greater than Eaton Vance Tax-Advantaged Dividend Income Fund (0.03), greater than John Hancock Preferred Income Fund II (1.21), less than PIMCO Corporate & Income Strategy Fund (4.97), greater than Nuveen Municipal Credit Opportunities Fund (0), greater than BlackRock MuniYield Quality Fund, Inc. (3.29), greater than Franklin Limited Duration Income Trust (1.03), greater than PGIM Short Duration High Yield Opportunities Fund (0), less than null (9.88),

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