John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund IIIverified

HPS

Price:

$14.91

Market Cap:

$477.49M

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 Dividend Yield as of December 2024 (TTM) for John Hancock Preferred Income Fund III (HPS) is 8.85%

According to John Hancock Preferred Income Fund III’s latest financial reports and current stock price. The company's current Dividend Yield is 8.85%. This represents a change of 297.59% compared to the average of 2.23% of the last 4 quarters.

John Hancock Preferred Income Fund III (HPS) Historical Dividend Yield (quarterly & annually)

How has HPS Dividend Yield performed in the past?

The mean historical Dividend Yield of John Hancock Preferred Income Fund III over the last ten years is 7.33%. The current 8.85% Dividend Yield has changed 20.77% with respect to the historical average. Over the past ten years (40 quarters), HPS's Dividend Yield was at its highest in in the July 2023 quarter at 4.43%. The Dividend Yield was at its lowest in in the July 2022 quarter at 0%.

Quarterly (TTM)
Annual

Average

7.33%

Median

7.77%

Minimum

2.91%

Maximum

8.86%

John Hancock Preferred Income Fund III (HPS) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of John Hancock Preferred Income Fund III Dividend Yield, 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 = 162.85%

Maximum Annual Dividend Yield = 8.86%

Minimum Annual Increase = -66.12%

Minimum Annual Dividend Yield = 2.91%

Quarterly (TTM)
Annual
YearDividend YieldChange
20247.89%-10.95%
20238.86%19.78%
20227.39%9.46%
20216.75%-14.56%
20207.91%7.74%
20197.34%-8.36%
20188.01%4.60%
20177.65%162.85%
20162.91%-66.12%
20158.60%1.88%

John Hancock Preferred Income Fund III (HPS) Average Dividend Yield

How has HPS Dividend Yield performed in the past?

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

3-year avg

8.05%

5-year avg

7.76%

10-year avg

7.33%

John Hancock Preferred Income Fund III (HPS) Dividend Yield vs. Peers

How is HPS’s Dividend Yield compared to its peers?

John Hancock Preferred Income Fund III’s Dividend Yield is less than John Hancock Preferred Income Fund (0%), less than John Hancock Premium Dividend Fund (8.99%), less than Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (7.90%), less than John Hancock Tax-Advantaged Dividend Income Fund (6.76%), less than Eaton Vance Tax-Advantaged Dividend Income Fund (7.46%), less than John Hancock Preferred Income Fund II (7.95%), less than PIMCO Corporate & Income Strategy Fund (9.05%), less than Nuveen Municipal Credit Opportunities Fund (10.01%), less than BlackRock MuniYield Quality Fund, Inc. (6.88%), less than Franklin Limited Duration Income Trust (5.46%), less than PGIM Short Duration High Yield Opportunities Fund (11.41%), less than null (7.94%),

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