John Hancock Preferred Income Fund (HPI)
| Market Value | 455.29M |
| Revenue (ttm) | 48.14M |
| Net Income (ttm) | 61.22M |
| Shares Out | 26.30M |
| EPS (ttm) | 2.30 |
| PE Ratio | 7.54 |
| Forward PE | n/a |
| Dividend | $1.49 (8.60%) |
| Ex-Dividend Date | Nov 12, 2024 |
| Volume | 46,843 |
| Open | 17.56 |
| Previous Close | 17.47 |
| Day's Range | 17.22 - 17.56 |
| 52-Week Range | 14.69 - 19.43 |
| Beta | 0.98 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About HPI
John Hancock Preferred Income Fund is a closed ended balanced 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 public equity and 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 value stocks of companies, convertible preferred securities, and investment grade fixed-income securities rated investment grade or higher by Moody’s or... [Read more]
News
JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA
BOSTON , Nov. 14, 2024 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended October 31, 2024. The same data for the comparable thre...
JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS
BOSTON , Nov. 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: November 1, 2024 Ex Date: ...
JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE ANNUAL SHAREHOLDER MEETING AND RECORD DATES
BOSTON, MA , Sept. 26, 2024 /PRNewswire/ - The nine John Hancock closed-end funds listed below announced today that each fund's Annual Meeting of Shareholders ("Annual Meeting") will be held on Februa...
HPI: This Preferred Stock Fund Has A Strange Portfolio
The John Hancock Preferred Income Fund offers an 8.04% yield, but its portfolio is split between preferred stocks and corporate bonds, diverging from its stated strategy. The fund's share price has ri...
HPI: This Fund Is Navigating The Current Environment Well, But It Is Pricy
The John Hancock Preferred Income Fund offers an attractive 8.88% yield, one of the highest among preferred stock funds. The fund's current yield may not keep up with rising living costs if held in a ...
HPI: Take Some Of Your Profits Today
The John Hancock Preferred Income Fund offers a high level of income, with a current yield of 9.21%, comparable to junk bond and leveraged loan funds. The HPI closed-end fund has not cut its distribut...
JOHN HANCOCK CLOSED-END FUND PREFERRED INCOME FUND DECLARES EARLY MONTHLY DISTRIBUTION
BOSTON , Dec. 19, 2023 /PRNewswire/ - The John Hancock closed-end Preferred Income Fund declared its monthly distribution today as follows: Declaration Date: December 19, 2023 Ex Date: ...
JOHN HANCOCK CLOSED-END FUND PREFERRED INCOME FUND DECLARES MONTHLY DISTRIBUTION
BOSTON , Dec. 1, 2023 /PRNewswire/ - The John Hancock closed-end Preferred Income Fund declared its monthly distribution today as follows: Declaration Date: December 1, 2023 Ex Date: ...
HPI: Too Many Risks To Justify The Price
John Hancock Preferred Income Fund offers a high level of current income with a yield of 10.10%. The fund's performance has been reasonably good, but its net asset value has been declining and it unde...
HPI: Some Good Things, But High Leverage Is A Real Concern Right Now
The John Hancock Preferred Income Fund offers a high yield of 9.84%, surpassing the fixed-income indices. The fund's recent performance has been disappointing, with a decline in share price and a nega...
HPI: 9.9% Yielding Preferred Fund
HPI is one of the more popular closed end funds for preferred shares. The very long term (18 years) performance has been fantastic. The last 7.5 years have produced around 3% annually.
Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire
Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferr...
HPI: A Great Fixed-Income CEF, Albeit A Pricey One
Investors are in desperate need of income to maintain their standard of living in the face of the highest inflation that we have seen in forty years. John Hancock Preferred Income Fund invests in a po...
JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND
ANNOUNCE RESULTS OF ANNUAL MEETINGS OF SHAREHOLDERS BOSTON , Feb. 21, 2023 /PRNewswire/ - The following eight closed-end funds managed by John Hancock Investment Management LLC announced the results o...
HPI: Long-Term Amortizing NAV And Distributions Suggest Caution Warranted
The HPI fund provides exposure to preferred stocks and corporate bonds. The fund pays an attractive 8.5% distribution yield.
The Safest Way To Get 7.5% Dividends (Perfect For 2023)
We've got plenty of high-quality dividends on the table as we roll into 2023.
HPI: Solid Income CEF But Should Decline In The Face Of Rising Interest Rates
HPI invests in a portfolio of preferred stocks and other fixed-income securities in order to provide investors with a very high yield. The closed-end fund is primarily invested in banks and utilities,...
HPI Vs. FFC: Similar Results Despite The Differences
HPI is the John Hancock Preferred Income Fund, a CEF that invests mainly in convertible preferred securities, and investment grade fixed-income securities.
JOHN HANCOCK ANNOUNCES PORTFOLIO MANAGER CHANGES FOR JOHN HANCOCK CLOSED-END FUNDS AND ETFs
BOSTON, Feb. 15, 2022 /PRNewswire/ - John Hancock Investment Management LLC (the "Adviser") today announced changes to the portfolio management teams for John Hancock Preferred Income Fund (NYSE: HPI)...
Closed-End Funds: A Check-Up On The Preferred Space
Today, we are taking a refreshed look at the preferred closed-end fund space. We see that the entire space has become more expensive, yet at the same time, distribution yields have dropped - this is m...