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John Hancock Preferred Income Fund III(NYSE) HPS

Current Price$14.25
Market Cap$457.34MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2003)+306%
5 Year+14%
1 Year+11%
1 Month+0%
John Hancock Preferred Income Fund III last closing stock price
MetricPriceDate
Last closeUSD 14.232026-07-24
John Hancock Preferred Income Fund III stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.77%USD 14.342026-07-17
1 month+0.41%USD 14.172026-06-24
3 month-0.43%USD 14.292026-04-24
Year to date+4.12%USD 13.672025-12-31
1 year+10.55%USD 12.872025-07-24
3 year+31.94%USD 10.782023-07-25
5 year+14.28%USD 12.452021-07-23
Since inception+306.06%USD 3.502003-06-17

John Hancock Preferred Income Fund III Financials at a Glance

Market Cap

$457.34MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$101.54M

Net Income (TTM)

$91.90M

EPS (TTM)

$1.17

P/E Ratio

12.12

Dividend

$1.32

Beta (Volatility)

0.47 (Low)

Price

$14.25

Volume

54,522

Open

$14.28

Previous Close

$14.23

Daily Range

$14.21 - $14.29

52-Week Range

$13.80 - $15.68

Estimated Earnings Date

Apr 1, 2026

HPS News

No articles available.

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About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III operates as a closed-end investment vehicle, primarily focused on fixed-income securities. The fund aims to strategically allocate capital within the U.S. fixed-income markets, acquiring debt instruments from various sectors.

Products and Services
  • Investment in preferred securities and fixed-income instruments
  • Management by John Hancock Investment Management LLC
  • Performance assessment against key bond indices
Growth Outlook
  • Recent quarterly revenue reached $29.38 million, indicating strong performance
  • Trailing twelve months (TTM) dividend yield stands at 9.19%, attracting income-focused investors
  • Net income for the latest quarter was $23.72 million, showcasing profitability
Financial Highlights
  • Market capitalization of approximately $461.52 million
  • Price-to-earnings (P/E) ratio of 12.17, suggesting reasonable valuation
  • Quarterly earnings per share (EPS) reported at $0.74
John Hancock Preferred Income Fund III is dedicated to providing investors with exposure to fixed-income securities, particularly preferred stocks. The fund's management team employs a disciplined investment strategy, focusing on high-quality debt instruments. The recent financial performance highlights a robust revenue stream and a solid dividend yield, making it an appealing option for income-seeking investors. The fund's ability to generate consistent net income further underscores its operational efficiency and commitment to delivering value to shareholders. With a competitive P/E ratio, the fund presents a potentially attractive investment opportunity within the asset management sector.
AI Generated • Jul 23, 2026

Industry

Capital Markets

Sector

Financials

Headquarters

Boston, MA 02116, US

HPS Financials

Key Financial Metrics (TTM)

Gross Margin

88.80%

Operating Margin

101.89%

Net Income Margin

74.85%

Return on Equity

8.20%

Return on Capital

7.33%

Return on Assets

5.09%

Earnings Yield

8.25%

Dividend Yield

9.28%

Payout Ratio

1.08%

Stock Overview

Market Cap

$457.34MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

32.14M

Volume

54.52K

Avg. Volume

51.75K

Financials (TTM)

Gross Profit

$87.38M

Operating Income

$107.01M

EBITDA

$107.01M

Operating Cash Flow

$71.77M

Capital Expenditure

$2.00

Free Cash Flow

$71.77M

Cash & ST Invst.

$5.33M

Total Debt

$274.30M

John Hancock Preferred Income Fund III Performance Analysis

John Hancock Preferred Income Fund III annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-07-31USD 58,230,82411.1%
20232023-07-31USD 12,692,141-78.2%
20242024-07-31USD 32,360,576155.0%
20252025-07-31USD 46,309,05843.1%
John Hancock Preferred Income Fund III sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-07-31-0.5%
Q22025-01-31-2.2%
Q42025-07-31-16.8%
Q22026-01-3139.7%
John Hancock Preferred Income Fund III annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-07-31USD -1.07N/A
20232023-07-31USD -0.96-9.8%
20242024-07-31USD 2.05N/A
20252025-07-31USD 1.21-40.8%
John Hancock Preferred Income Fund III sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-07-31-20.2%
Q22025-01-31-14.3%
Q42025-07-31-43.6%
Q22026-01-3168.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$29.38M

+13.2%

Gross Profit

$26.52M

+29.1%

Gross Margin

90.25%

N/A

Market Cap

$457.34MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

N/A

N/A

Net Income

$23.72M

-34.6%

EBITDA

$30.35M

+31.2%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$5.33M

+1445.8%

Total Debt

$274.30M

+0.0%

Accounts Receivable

$6.79M

-22.0%

Inventory

$0.00

+100.0%

Long Term Debt

$274.30M

+0.0%

Short Term Debt

$0.00

N/A

Return on Assets

5.09%

N/A

Return on Invested Capital

6.98%

N/A

Free Cash Flow

$16.81M

-30.9%

Operating Cash Flow

$16.81M

-30.9%

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Questions About HPS

What is the current price of John Hancock Preferred Income Fund III?

John Hancock Preferred Income Fund III is trading at $14.23 per share.

What is the 52-week range for John Hancock Preferred Income Fund III?

Over the past 52 weeks, John Hancock Preferred Income Fund III has traded between $13.80 and $15.68.

How much debt does John Hancock Preferred Income Fund III have?

As of the most recent reporting period, John Hancock Preferred Income Fund III reported total debt of $274.30M.

How much cash does John Hancock Preferred Income Fund III have on hand?

John Hancock Preferred Income Fund III reported $0.00 in cash and cash equivalents in its most recent financial results.

What is John Hancock Preferred Income Fund III’s dividend yield?

John Hancock Preferred Income Fund III currently has a dividend yield of 9.28%.

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