John Hancock Preferred Income Fund III logo

John Hancock Preferred Income Fund III(NYSE) HPS

Market Cap$379.27MMarket 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)+245%
5 Year-6%
1 Year-15%
1 Month-8%
$11.78
+0.77%
+0.09Today
After hours$11.78+$0.00 (+0.00%)
John Hancock Preferred Income Fund III last closing stock price
MetricPriceDate
Last closeUSD 11.792026-10-16
John Hancock Preferred Income Fund III stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0.94%USD 11.682026-10-09
1 month-8.1%USD 12.832026-09-16
3 month-15.67%USD 13.982026-07-17
Year to date-11.51%USD 13.322025-12-31
1 year-14.59%USD 13.802025-10-16
3 year+23.83%USD 9.522023-10-17
5 year-5.72%USD 12.512021-10-15
Since inception+245.08%USD 3.422003-06-17

John Hancock Preferred Income Fund III Financials at a Glance

Market Cap

$379.27MMarket 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)

$102.82M

Net Income (TTM)

$56.64M

EPS (TTM)

$0.55

P/E Ratio

21.40

Dividend

$1.32

Beta (Volatility)

0.47 (Low)

Price

$11.78

Volume

172,923.265

Open

$11.69

Previous Close

$11.79

Daily Range

$11.60 - $11.80

52-Week Range

$11.39 - $15.54

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
  • Focus on investment-grade credit rated securities
  • Management by John Hancock Investment Management LLC
Growth Outlook
  • Recent quarterly revenue reached $29.38 million, indicating strong performance
  • Trailing twelve months (TTM) dividend yield stands at 10.19%
  • Net income for the latest quarter was $23.72 million, showcasing profitability
Financial Highlights
  • Market capitalization of approximately $416.53 million
  • Price-to-earnings (P/E) ratio of 10.98, suggesting potential value
  • Quarterly net income margin of 80.73%, reflecting operational efficiency
AI Generated • Sep 21, 2026

Industry

Capital Markets

Sector

Financials

Headquarters

Boston, MA 02116, US

HPS Financials

Key Financial Metrics (TTM)

Gross Margin

90.04%

Operating Margin

53.76%

Net Income Margin

31.34%

Return on Equity

3.95%

Return on Capital

4.28%

Return on Assets

2.49%

Earnings Yield

4.67%

Dividend Yield

11.20%

Payout Ratio

2.30%

Stock Overview

Market Cap

$379.27MMarket 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

32.17M

Volume

172.92K

Avg. Volume

101.24K

Financials (TTM)

Gross Profit

$91.50M

Operating Income

$84.08M

EBITDA

$84.08M

Operating Cash Flow

$68.27M

Capital Expenditure

$0.00

Free Cash Flow

$68.27M

Cash & ST Invst.

$2.44M

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
20232023-07-31USD 12,692,141-78.2%
20242024-07-31USD 32,360,576155.0%
20252025-07-31USD 46,309,05843.1%
20262026-07-31USD 56,510,86722.0%
John Hancock Preferred Income Fund III sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-01-31-2.2%
Q42025-07-31-16.8%
Q22026-01-3139.7%
Q42026-07-31-7.7%
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
20232023-07-31USD -0.96-9.8%
20242024-07-31USD 2.05N/A
20252025-07-31USD 1.21-40.8%
20262026-07-31USD 0.55-54.6%
John Hancock Preferred Income Fund III sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-01-31-14.3%
Q42025-07-31-43.6%
Q22026-01-3168.2%
Q42026-07-31-125.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2026YOY CHG

Revenue

$27.13M

+5.0%

Gross Profit

$24.36M

+20.4%

Gross Margin

89.82%

N/A

Market Cap

$379.27MMarket 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

-$6.01M

-120.5%

EBITDA

$30.58K

-99.9%

Quarterly Fundamentals

Name
Q4 2026YOY CHG

Total Cash

$2.44M

+574.7%

Total Debt

$274.30M

+0.0%

Accounts Receivable

$6.48M

-46.0%

Inventory

$0.00

N/A

Long Term Debt

$274.30M

+0.0%

Short Term Debt

$0.00

N/A

Return on Assets

2.49%

N/A

Return on Invested Capital

4.28%

N/A

Free Cash Flow

$16.82M

-17.3%

Operating Cash Flow

$16.82M

-17.3%

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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 $11.79 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 $11.39 and $15.54.

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 $224.60K 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 11.20%.

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