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 ROE as of December 2024 (TTM) for John Hancock Preferred Income Fund III (HPS) is 14.37%

According to John Hancock Preferred Income Fund III’s latest financial reports and current stock price. The company's current ROE is 14.37%. This represents a change of 299.54% compared to the average of 3.60% of the last 4 quarters.

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

How has HPS ROE performed in the past?

The mean historical ROE of John Hancock Preferred Income Fund III over the last ten years is 5.01%. The current 14.37% ROE has changed 186.82% with respect to the historical average. Over the past ten years (40 quarters), HPS's ROE was at its highest in in the January 2021 quarter at 10.30%. The ROE was at its lowest in in the July 2020 quarter at -14.44%.

Quarterly (TTM)
Annual

Average

5.01%

Median

6.07%

Minimum

-7.39%

Maximum

18.78%

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

Discovering the peaks and valleys of John Hancock Preferred Income Fund III ROE, 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 = 78.77%

Maximum Annual ROE = 18.78%

Minimum Annual Increase = -354.26%

Minimum Annual ROE = -7.39%

Quarterly (TTM)
Annual
YearROEChange
202414.23%-301.72%
2023-7.06%5.34%
2022-6.70%-135.66%
202118.78%-354.26%
2020-7.39%-200.43%
20197.36%78.77%
20184.11%-13.91%
20174.78%-62.97%
201612.91%42.08%
20159.08%-23.50%

John Hancock Preferred Income Fund III (HPS) Average ROE

How has HPS ROE performed in the past?

The current ROE 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

0.16%

5-year avg

2.37%

10-year avg

5.01%

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

How is HPS’s ROE compared to its peers?

John Hancock Preferred Income Fund III’s ROE is less than John Hancock Preferred Income Fund (0%), less than John Hancock Premium Dividend Fund (14.38%), less than Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (9.13%), less than John Hancock Tax-Advantaged Dividend Income Fund (19.16%), greater than Eaton Vance Tax-Advantaged Dividend Income Fund (-0.51%), less than John Hancock Preferred Income Fund II (12.98%), less than PIMCO Corporate & Income Strategy Fund (14.50%), less than Nuveen Municipal Credit Opportunities Fund (15.40%), less than BlackRock MuniYield Quality Fund, Inc. (1.29%), greater than Franklin Limited Duration Income Trust (-0.89%), less than PGIM Short Duration High Yield Opportunities Fund (12.82%), less than null (9.48%),

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