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John Hancock Preferred Income Fund (HPI)

Financial Services | Asset Management | Boston, United States | NYSE
16.04 USD +0.06 (0.375%) ⇧ (April 17, 2026, 3:01 p.m. EDT)
Short-term: ★★☆☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★★★☆☆
Hot Take | April 11, 2026, 2:48 p.m. EDT

HPI (John Hancock Preferred Income Fund) exhibits a high dividend yield of 9.39%, suggesting it may appeal to income-focused investors. However, the consistent dividend payouts are relatively low at $0.124 per quarter, which may not be sufficient for those seeking substantial returns. The recent price history shows volatility, with the current price hovering around $15.82, slightly above the 52-week low of $14.92 but below the 52-week high of $17.61. The stock has shown a slight downward trend in the short term, with a 50-day average of $16.02 and a 200-day average of $16.44. The negative earnings growth and revenue growth, coupled with a high debt-to-equity ratio, indicate potential financial instability. While the fund's fundamentals may offer some long-term potential, the recent news highlights concerns about yield sustainability and high leverage, which could deter long-term investors. Overall, HPI appears to be a risky investment with limited upside potential.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.008716
MSTL0.008933
AutoTheta0.009868
AutoARIMA0.022940

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 21%
H-stat 9.46
Ljung-Box p 0.000
Jarque-Bera p 0.001
Excess Kurtosis 1.72
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-04-12
Last Dividend Date 2026-04-12
Debt to Equity Ratio 59.62
Revenue per Share 1.778
Market Cap 429,746,112
Trailing P/E 12.43
Beta 0.80
Profit Margins 72.48%
Website https://www.jhinvestments.com/Fund/Overview.aspx?ProductType=ClosedEnd&FundID=34000&BackToFundTableType=Price&ClassCode=CE

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.78% 9.52% 10.58% 10.94%
Dividend History
Date Dividend Yield %
2026-04-13 0.124 0.783818
2026-03-12 0.124 0.781611
2026-02-12 0.124 0.778402
2025-12-29 0.124 0.784850
2025-12-11 0.124 0.770362
2025-11-13 0.124 0.757398
2025-10-14 0.124 0.755326
2025-09-12 0.124 0.783086
2025-08-11 0.124 0.827607
2025-07-11 0.124 0.826796
2025-06-12 0.124 0.837343
2025-05-12 0.124 0.838070
2025-04-11 0.124 0.898198
2025-03-13 0.124 0.829914
2025-02-13 0.124 0.785682
2024-12-30 0.124 0.845633
2024-12-12 0.124 0.822519
2024-11-12 0.124 0.789071
2024-10-11 0.124 0.749216
2024-09-13 0.124 0.791659
2024-08-12 0.124 0.850855
2024-07-11 0.124 0.849668
2024-06-13 0.124 0.869199
2024-05-10 0.124 0.881326
2024-04-10 0.124 0.917011
2024-03-08 0.124 0.908780
2024-02-09 0.124 0.934976
2023-12-28 0.124 0.973631
2023-12-08 0.124 1.031823
2023-11-10 0.124 1.084348
2023-10-11 0.124 1.097662
2023-09-08 0.124 1.048870
2023-08-10 0.124 1.017431
2023-07-12 0.124 1.047044
2023-06-09 0.124 1.068093
2023-05-10 0.124 1.113198
2023-04-12 0.124 1.055903
2023-03-10 0.124 1.036862
2023-02-10 0.124 0.960749
2022-12-29 0.124 1.051043
2022-12-09 0.124 1.083146
2022-11-10 0.124 1.055669
2022-10-12 0.124 1.106104
2022-09-09 0.124 0.945972
2022-08-10 0.124 0.916665
2022-07-08 0.124 1.017285
2022-06-10 0.124 0.965610
2022-05-11 0.124 1.016059
2022-04-08 0.124 0.958947
2022-03-10 0.124 0.974711
2022-02-10 0.124 0.951291
2021-12-30 0.124 0.880507
2021-12-10 0.124 0.875215
2021-11-10 0.124 0.844862
2021-10-08 0.124 0.868778
2021-09-10 0.124 0.867717
2021-08-11 0.124 0.863864
2021-07-09 0.124 0.869623
2021-06-10 0.124 0.880699
2021-05-12 0.124 0.939944
2021-04-09 0.124 0.925047
2021-03-10 0.124 0.998488
2021-02-10 0.124 1.006498
2020-12-30 0.124 0.997420
2020-12-10 0.124 1.007834
2020-11-10 0.124 1.046932
2020-10-09 0.124 1.034091
2020-09-10 0.124 1.015941
2020-08-12 0.124 0.949201
2020-07-10 0.124 1.023089
2020-06-10 0.124 1.013126
2020-05-08 0.124 1.137235
2020-04-09 0.124 1.170994
2020-03-11 0.124 1.061195
2020-02-12 0.124 0.880117
2019-12-27 0.124 0.933693
2019-12-11 0.124 0.961823
2019-11-08 0.124 0.928873
2019-10-10 0.124 0.925820
2019-09-12 0.140 1.048620
2019-08-09 0.140 1.043204
2019-07-10 0.140 1.038368
2019-06-12 0.140 1.072626
2019-05-10 0.140 1.102020
2019-04-10 0.140 1.085823
2019-03-08 0.140 1.158771
2019-02-08 0.140 1.204454
2019-01-11 0.140 1.264703
2018-12-12 0.140 1.288823
2018-11-09 0.140 1.217870
2018-10-10 0.140 1.252955
2018-09-13 0.140 1.168540
2018-08-10 0.140 1.203728
2018-07-11 0.140 1.216391
2018-06-08 0.140 1.229239
2018-05-10 0.140 1.293687
2018-04-11 0.140 1.318919
2018-03-09 0.140 1.322775
2018-02-09 0.140 1.377194
2018-01-11 0.140 1.280859
2017-12-08 0.140 1.300008
2017-11-10 0.140 1.301199
2017-10-11 0.140 1.286892
2017-09-08 0.140 1.324805
2017-08-09 0.140 1.304177
2017-07-11 0.140 1.311182
2017-06-08 0.140 1.328055
2017-05-09 0.140 1.333498
2017-04-11 0.140 1.353794
2017-03-09 0.140 1.461145
2017-02-09 0.140 1.417633
2017-01-11 0.140 1.442245
2016-12-08 0.140 1.507326
2016-11-09 0.140 1.499847
2016-10-11 0.140 1.422887
2016-09-08 0.140 1.346035
2016-08-09 0.140 1.330412
2016-07-07 0.140 1.345993
2016-06-09 0.140 1.375008
2016-05-10 0.140 1.416468
2016-04-07 0.140 1.489090
2016-03-09 0.140 1.497293
2016-02-09 0.140 1.601339
2016-01-12 0.140 1.586303
2015-12-09 0.140 1.663431
2015-11-09 0.140 1.660840
2015-10-08 0.140 1.703631
2015-09-09 0.140 1.728489
2015-08-11 0.140 1.705569
2015-07-09 0.140 1.725582
2015-06-09 0.140 1.711753
2015-05-07 0.140 1.687133
2015-04-09 0.140 1.624152
2015-03-10 0.140 1.657593
2015-02-10 0.140 1.671160
2014-12-24 0.140 1.701091
2014-12-09 0.140 1.716866
2014-11-10 0.140 1.736958
2014-10-09 0.140 1.804286
2014-09-10 0.140 1.791580
2014-08-07 0.140 1.863263
2014-07-09 0.140 1.811715
2014-06-10 0.140 1.842591
2014-05-08 0.140 1.805880
2014-04-09 0.140 1.879464
2014-03-11 0.140 1.956724
2014-02-11 0.140 2.015009
2013-12-26 0.140 2.093461
2013-12-10 0.140 2.199971
2013-11-07 0.140 2.063030
2013-10-09 0.140 2.090585
2013-09-11 0.140 2.055723
2013-08-08 0.140 2.075079
2013-07-09 0.140 1.991237
2013-06-11 0.140 1.970845
2013-05-09 0.140 1.671893
2013-04-09 0.140 1.727172
2013-03-07 0.140 1.773544
2013-02-07 0.140 1.779739
2012-12-27 0.140 1.897860
2012-12-11 0.140 1.899570
2012-11-08 0.140 1.841272
2012-10-09 0.140 1.846089
2012-09-12 0.140 1.876227
2012-08-09 0.140 1.801903
2012-07-10 0.140 1.840317
2012-06-07 0.140 1.954107
2012-05-09 0.140 1.940957
2012-04-10 0.140 2.042256
2012-03-08 0.140 1.974489
2012-02-09 0.140 1.945810
2011-12-28 0.140 2.082854
2011-12-08 0.140 2.138259
2011-11-09 0.140 2.139110
2011-10-11 0.140 2.114157
2011-09-08 0.140 2.140725
2011-08-09 0.140 2.484158
2011-07-07 0.140 2.213772
2011-06-09 0.140 2.240387
2011-05-10 0.140 2.379624
2011-04-07 0.124 2.224930
2011-03-09 0.124 2.244308
2011-02-09 0.124 2.285728
2011-01-11 0.124 2.313255
2010-12-09 0.124 2.290340
2010-11-09 0.124 2.197036
2010-10-07 0.124 2.167842
2010-09-09 0.124 2.158692
2010-08-10 0.124 2.298233
2010-07-08 0.124 2.522779
2010-06-09 0.124 2.625405
2010-05-11 0.124 2.644481
2010-04-08 0.124 2.464789
2010-03-09 0.124 2.528037
2010-02-09 0.124 2.727272
2010-01-12 0.124 2.676283
2009-12-09 0.124 2.875841
2009-11-10 0.124 2.987731
2009-10-08 0.124 2.811654
2009-09-09 0.124 2.975025
2009-08-11 0.124 2.934374
2009-07-09 0.124 3.389459
2009-06-09 0.124 3.301286
2009-05-07 0.124 3.853335
2009-04-08 0.124 4.562225
2009-03-10 0.124 6.399021
2009-02-10 0.155 4.468029
2009-01-08 0.155 4.086074
2008-12-11 0.155 5.358378
2008-11-10 0.155 5.128603
2008-10-09 0.155 7.936242
2008-09-12 0.155 4.319541
2008-08-11 0.155 3.792459
2008-07-11 0.155 4.114343
2008-06-09 0.155 3.476122
2008-05-09 0.155 3.422937
2008-04-10 0.155 3.557192
2008-03-10 0.155 3.714790
2008-02-08 0.155 3.272095
2008-01-10 0.155 3.480742
2007-12-11 0.308 7.335841
2007-11-07 0.155 3.856094
2007-10-09 0.155 3.425527
2007-09-12 0.155 3.371370
2007-08-09 0.155 3.386788
2007-07-10 0.155 3.263527
2007-06-07 0.155 3.230009
2007-05-09 0.155 3.112464
2007-04-10 0.155 3.103258
2007-03-08 0.155 3.192079
2007-02-08 0.155 3.188951
2007-01-10 0.155 3.133135
2006-12-07 0.367 7.537638
2006-11-09 0.155 3.299311
2006-10-10 0.155 3.300003
2006-09-07 0.155 3.467398
2006-08-09 0.155 3.512253
2006-07-11 0.155 3.675483
2006-06-08 0.155 3.778858
2006-05-09 0.155 3.831016
2006-04-11 0.155 3.760912
2006-03-09 0.155 3.730500
2006-02-09 0.155 3.842522
2006-01-11 0.155 3.909036
2005-12-08 0.155 4.192922
2005-11-09 0.155 4.049425
2005-10-11 0.155 4.044911
2005-09-08 0.155 3.780404
2005-08-09 0.155 3.895866
2005-07-07 0.155 3.851882
2005-06-09 0.155 3.925779
2005-05-19 0.155 4.044149
2005-04-21 0.155 4.107945
2005-03-17 0.155 4.078164
2005-02-17 0.155 3.899384
2005-01-20 0.180 4.347743
2004-12-16 0.180 4.467473
2004-11-18 0.180 4.386083
2004-10-21 0.180 4.424309
2004-09-16 0.180 4.536277
2004-08-19 0.180 4.582067
2004-07-15 0.180 4.716345
2004-06-17 0.180 4.859772
2004-05-20 0.180 5.220323
2004-04-15 0.180 4.876512
2004-03-18 0.180 4.464723
2004-02-19 0.180 4.548275
2004-01-15 0.180 4.541314
2003-12-18 0.510 13.215592
2003-11-20 0.180 4.835651
2003-10-16 0.180 4.912479
2003-09-18 0.180 5.009449
2003-08-21 0.180 5.170894
2003-07-17 0.180 5.003059
Additional Data
dividendRate 1.48
dividendYield 9.27
exDividendDate 2026-04-13
trailingAnnualDividendRate 1.482
trailingAnnualDividendYield 0.09274093
lastDividendValue 0.124
lastDividendDate 2026-04-13
dividendDate 2019-02-28

Info Dump

Attribute Value
52 Week Change 0.048556447
Address1 200 Berkeley Street
All Time High 27.0
All Time Low 6.5
Ask 16.07
Ask Size 200
Average Daily Volume10 Day 80,250
Average Daily Volume3 Month 62,629
Average Volume 62,629
Average Volume10Days 80,250
Beta 0.797
Bid 16.03
Bid Size 600
Book Value 16.096
City Boston
Country United States
Crypto Tradeable 0
Currency USD
Current Price 16.04
Current Ratio 1.565
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 16.07
Day Low 15.98
Debt To Equity 59.62
Dividend Date 1,551,312,000
Dividend Rate 1.48
Dividend Yield 9.27
Earnings Growth -0.093
Earnings Quarterly Growth -0.091
Earnings Timestamp End 1,743,677,940
Earnings Timestamp Start 1,743,677,940
Ebitda Margins 0.0
Eps Trailing Twelve Months 1.29
Esg Populated 0
Ex Dividend Date 1,776,038,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 15.9894
Fifty Day Average Change 0.050601006
Fifty Day Average Change Percent 0.0031646595
Fifty Two Week Change Percent 4.8556447
Fifty Two Week High 17.61
Fifty Two Week High Change -1.5699997
Fifty Two Week High Change Percent -0.08915387
Fifty Two Week Low 15.15
Fifty Two Week Low Change 0.8900013
Fifty Two Week Low Change Percent 0.05874596
Fifty Two Week Range 15.15 - 17.61
Financial Currency USD
First Trade Date Milliseconds 1,058,275,800,000
Five Year Avg Dividend Yield 8.59
Free Cashflow 19,242,432
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 47,649,504
Has Pre Post Market Data 1
Held Percent Insiders 0.00052
Held Percent Institutions 0.14173001
Implied Shares Outstanding 26,792,150
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,776,038,400
Last Dividend Value 0.124
Last Fiscal Year End 1,753,920,000
Long Business Summary 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 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 was formed on August 27, 2002 and is domiciled in the United States.
Long Name John Hancock Preferred Income Fund
Market us_market
Market Cap 429,746,112
Market State REGULAR
Max Age 86,400
Message Board Id finmb_6167553
Most Recent Quarter 1,769,817,600
Net Income To Common 34,534,980
Next Fiscal Year End 1,785,456,000
Non Diluted Market Cap 428,138,557
Open 16.01
Operating Cashflow 38,626,876
Operating Margins 0.88421
Payout Ratio 1.1488
Phone 617 663 3000
Previous Close 15.98
Price Hint 2
Price To Book 0.9965209
Price To Sales Trailing12 Months 9.0189
Profit Margins 0.72476995
Quick Ratio 1.467
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.060001373
Regular Market Change Percent 0.37547794
Regular Market Day High 16.07
Regular Market Day Low 15.98
Regular Market Day Range 15.98 - 16.07
Regular Market Open 16.01
Regular Market Previous Close 15.98
Regular Market Price 16.04
Regular Market Time 1,776,452,479
Regular Market Volume 48,528
Return On Assets 0.037920002
Return On Equity 0.07969
Revenue Growth 0.012
Revenue Per Share 1.778
Sand P52 Week Change 0.36506534
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 26,792,150
Shares Percent Shares Out 0.0023999999
Shares Short 78,177
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 4,601
Short Name John Hancock Preferred Income F
Short Ratio 1.85
Source Interval 15
State MA
Symbol HPI
Total Debt 257,100,000
Total Revenue 47,649,504
Tradeable 0
Trailing Annual Dividend Rate 1.482
Trailing Annual Dividend Yield 0.09274093
Trailing Eps 1.29
Trailing P E 12.43411
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 16.4395
Two Hundred Day Average Change -0.3994999
Two Hundred Day Average Change Percent -0.024301218
Type Disp Equity
Volume 48,528
Website https://www.jhinvestments.com/Fund/Overview.aspx?ProductType=ClosedEnd&FundID=34000&BackToFundTableType=Price&ClassCode=CE
Zip 2,116