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) boosts yield but increases share price volatility versus index funds and peers. The fund's price premium has narrowed but remains above NAV and peer averages, making HPS appear somewhat expensive despite improved valuation.

Seeking Alpha • Jan 7, 2026

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 stability and potential capital growth amid a likely continued rate downcycle and possible rotation into value and dividend income assets. The HPS closed-end fund maintains a 57% allocation to preferreds and 40% to corporate bonds, employing 37.43% leverage to amplify returns.

Seeking Alpha • Jan 7, 2026

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 Record Date: January 12, 2026 Payment Date: January 30, 2026 Ticker Fund Name Distribution Per Share  Change From Previous Distribution Market Price as of 12/31/2025 Annualized Current Distribution Rate at Market HPF Preferred Income Fund II $0.1235 - $16.07 9.22 % HPS Preferred Income Fund III $0.1100 - $14.41 9.16 % PDT Premium Dividend Fund $0.0825 - $12.70 7.80 % HTD Tax-Advantaged Dividend Income Fund $0.1580 - $23.66 8.01 % John Hancock Premium Dividend Fund Premium Dividend Fund (the "Fund") declared its monthly distribution pursuant to the Fund's managed distribution plan (the "PDT Plan"). Under the PDT Plan, the Fund makes monthly distributions of an amount equal to $0.0825 per share.

PRNewsWire • Jan 2, 2026

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, we collect dividends and price upside.

Seeking Alpha • Dec 21, 2025

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.

Forbes • Nov 1, 2025

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: HPI), John Hancock Preferred Income Fund II (NYSE: HPF), John Hancock Preferred Income Fund III (NYSE: HPS), John Hancock Premium Dividend Fund (NYSE: PDT), John Hancock Tax-Advantaged Divided Income Fund (NYSE: HTD), and John Hancock Income Securities Trust (NYSE: JHS). Each Fund is advised by the Adviser and subadvised by Manulife Investment Management (US) LLC (the "Subadviser").

PRNewsWire • Oct 30, 2025

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 Conference Call Participants Matthew Lee - Canaccord Genuity Corp., Research Division Baltej Sidhu - National Bank Financial, Inc., Research Division Nicholas Boychuk - Cormark Securities Inc., Research Division Jim Byrne - Acumen Capital Finance Partners Limited, Research Division Presentation Operator Good morning, ladies and gentlemen. Welcome to Hammond Power Solutions Third Quarter 2025 Financial Results Conference Call.

Seeking Alpha • Oct 24, 2025

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 the past decade, aided by its bond allocation and consistent distribution since 2019. The fund's recent performance is solid, but its premium to net asset value (6.31%) is above historical averages, making shares expensive now.

Seeking Alpha • Oct 23, 2025

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 17, 2026, at 2:00 p.m.

PRNewsWire • Sep 25, 2025

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-focused investors despite recent price declines. Risks remain from high leverage, sector concentration, and potential defaults if interest rates stay elevated, but current pricing compensates for these risks.

Seeking Alpha • Aug 4, 2025