John Hancock Preferred Income Fund III (HPS)

NYSE: HPS · Real-Time Price · USD
14.58
+0.08 (0.55%)
Jan 13, 2026, 4:00 PM EST - Market closed
0.55%
Market Value468.59M
Revenue (ttm)50.98M
Net Income (ttm)38.93M
Shares Out 32.14M
EPS (ttm)1.21
PE Ratio12.03
Forward PEn/a
Dividend$1.32 (9.05%)
Ex-Dividend DateJan 12, 2026
Volume74,262
Open14.51
Previous Close14.50
Day's Range14.47 - 14.62
52-Week Range13.08 - 15.68
Beta0.74
Analystsn/a
Price Targetn/a
Earnings Daten/a

About HPS

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 again... [Read more]

Sector Financials
Founded 2003
Country United States
Stock Exchange NYSE
Ticker Symbol HPS
Full Company Profile

Financial Performance

In 2025, HPS's revenue was $50.98 million, a decrease of -1.62% compared to the previous year's $51.81 million. Earnings were $38.93 million, a decrease of -40.59%.

Financial Statements

News

HPS: Buying Preferred Shares Through The Rate Cycle

John Hancock Preferred Income Fund III offers diversified exposure to preferred stocks and corporate bonds, targeting equity-like fixed income with a 9.08% yield. HPS is positioned for income stabilit...

6 days ago - Seeking Alpha

HPS: Improved Valuation, But Buy Case Still Elusive

John Hancock Preferred Income Fund III (HPS) offers a 9.13% yield, leveraging preferred securities and corporate bonds for high current income. HPS's use of significant leverage (36.44% of assets) boo...

6 days ago - Seeking Alpha

JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS

BOSTON, Jan. 2, 2026  /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: January 2, 2026 Ex Date: January 12, 2026 R...

Other symbols: HPFHTDPDT
11 days ago - PRNewsWire

The 200-Year-Old Secret: Why Preferred Stock Is The Ultimate Fixed Income Hybrid

Preferred shares are a 200-year-old income-focused hybrid of stocks and bonds. Long-term interest rates are keeping preferred prices low, ensuring high coupons. Heads, we collect high dividends; tails...

Other symbols: PMTPMTU
23 days ago - Seeking Alpha

The Fed Is Juicing These 3 Massive Monthly Dividends

The Fed is cutting, and that's bullish for preferred stocks and their big payouts. Let's look at a trio yielding up to 9.8% (paying monthly dividends) that will benefit from every ease from Mr.

Other symbols: JPCLDP
2 months ago - Forbes

JOHN HANCOCK ANNOUNCES PORTFOLIO MANAGER CHANGES FOR JOHN HANCOCK CLOSED-END FUNDS

BOSTON, MA , Oct. 30, 2025 /PRNewswire/ - John Hancock Investment Management LLC (the "Adviser") today announced changes to the portfolio management teams for John Hancock Preferred Income Fund (NYSE:...

Other symbols: HPFHPIHTDJHSPDT
2 months ago - PRNewsWire

Hammond Power Solutions Inc. (HPS.A:CA) Q3 2025 Earnings Call Transcript

Hammond Power Solutions Inc. (TSX:HPS.A:CA) Q3 2025 Earnings Call October 24, 2025 9:00 AM EDT Company Participants Adrian Thomas - CEO & Director Richard Vollering - CFO & Corporate Secretary Confer...

2 months ago - Seeking Alpha

HPS: Strong Historical Performance, Good Positioning, And Overpriced

John Hancock Preferred Income Fund III offers a high 8.59% yield by blending preferred stocks (56%) and corporate bonds (40%) in its portfolio. HPS has outperformed fixed-income indices and peers over...

2 months ago - Seeking Alpha

JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE ANNUAL SHAREHOLDER MEETING AND RECORD DATES

BOSTON , Sept. 25, 2025 /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 February 1...

Other symbols: BTOHEQHPFHPIHTDJHIJHS
3 months ago - PRNewsWire

HPS: Valuation Has Become More Attractive (Rating Upgrade)

I am upgrading HPS to a buy due to its attractive valuation and resilience amid challenging market conditions. HPS offers a compelling 9.1% yield and monthly payouts, making it appealing for income-fo...

5 months ago - Seeking Alpha

Hammond Power Solutions Inc. (HMDPF) Q2 2025 Earnings Call Transcript

Hammond Power Solutions Inc. (OTCPK:HMDPF) Q2 2025 Earnings Conference Call July 25, 2025 9:00 AM ET Company Participants Adrian Thomas - CEO & Director Richard C. Vollering - CFO & Corporate Secretar...

6 months ago - Seeking Alpha

Keep Your Retirement Fresh And Stress-Free With Preferred Dividends; Yields +7.5%

Preferred securities and baby bonds enable steady, lower-risk income. The fixed-income asset class is currently deeply discounted due to elevated interest rates, but the tide is expected to turn soon....

Other symbols: LDP
6 months ago - Seeking Alpha

HPS: Suppressed By Higher Interest Rate Environment

John Hancock Preferred Income Fund III (HPS) aims for attractive total returns from preferred stocks and convertible securities, emphasizing income generation with a 9.1% dividend yield. Despite a 5.6...

8 months ago - Seeking Alpha

Hammond Power Solutions Inc. (HMDPF) Q1 2025 Earnings Call Transcript

Hammond Power Solutions Inc. (OTCPK:HMDPF) Q1 2025 Earnings Conference Call May 2, 2025 9:00 PM ET Company Participants Adrian Thomas - Chief Executive Officer Richard Vollering - Chief Financial Offi...

9 months ago - Seeking Alpha

Hammond Power Solutions Inc. (HMDPF) Q4 2024 Earnings Call Transcript

Hammond Power Solutions Inc. (OTCPK:HMDPF) Q4 2024 Earnings Conference Call March 21, 2025 9:00 AM ET Company Participants Adrian Thomas - Chief Executive Officer Richard Vollering - Chief Financial O...

10 months ago - Seeking Alpha

Hammond Power Solutions Inc. (HMDPF) Q3 2024 Earnings Call Transcript

Hammond Power Solutions Inc. (OTCPK:HMDPF) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Adrian Thomas - Chief Executive Officer Richard Vollering - Chief Financial...

1 year ago - Seeking Alpha

Hammond Power Solutions Inc. (HMDPF) Q2 2024 Earnings Call Transcript

Hammond Power Solutions Inc. (OTCPK:HMDPF) Q2 2024 Results Conference Call July 26, 2024 9:00 AM ET Company Participants Adrian Thomas - CEO Richard Vollering - CFO Conference Call Participants Matthe...

1 year ago - Seeking Alpha

Hammond Power Solutions Inc. (HMDPF) Q1 2024 Earnings Call Transcript

Hammond Power Solutions Inc. (OTCPK:HMDPF) Q1 2024 Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants Adrian Thomas - Chief Executive Officer Richard Vollering - Chief Financial O...

1 year ago - Seeking Alpha

HPS: Extremely Expensive Preferred Stock Fund That May Be Riskier Than Assumed

John Hancock Preferred Income Fund III offers a high level of current income and has proven to be durable in the face of rising interest rates. The HPS closed-end fund has a relatively high yield comp...

1 year ago - Seeking Alpha

Hammond Power Solutions Inc. (HMDPF) Q4 2023 Earnings Call Transcript

Hammond Power Solutions Inc. (HMDPF) Q4 2023 Earnings Call Transcript

1 year ago - Seeking Alpha

HPS: Take Profits And Cut Exposure To Potential Near-Term Losses

The John Hancock Preferred Income Fund III offers a high level of current income, making it attractive for income-focused investors. The fund has seen strong performance, outperforming the preferred s...

2 years ago - Seeking Alpha

HPS: Good Income Fund, But Premium Valuation A Turn-Off

John Hancock Preferred Income Fund III offers a high level of current income with a 9.60% yield, attracting income-focused investors. The fund's performance has been negatively impacted by rising inte...

2 years ago - Seeking Alpha

HPS: Paying More Than It Earns

HPS: Paying More Than It Earns.

2 years ago - Seeking Alpha

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...

Other symbols: DFPFFCFLCFPFHPFHPIJPC
3 years ago - Seeking Alpha

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...

Other symbols: BTOHEQHPFHPIHTDPDT
3 years ago - PRNewsWire