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John Hancock Preferred Income Fund III Preferred Income Fund III (HPS)

$14.79

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Key data on HPS

AUM

$472157217

P/E ratio

14.5

Dividend yield

9.4017%

Expense ratio

1.81%

Beta

0.696625

Price on HPS

Previous close

$14.92

Today's open

$14.84

Day's range

$14.73 - $14.84

52 week range

$13.80 - $15.68

Profile about HPS

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Headquarters

US

Exchange

New York Stock Exchange

Issue type

Common Stock

HPS industries and sectors

Asset Allocations

News on HPS

Hammond Power Solutions Inc. (HPS.A:CA) Q1 2026 Earnings Call Transcript

Hammond Power Solutions Inc. (HPS.A:CA) Q1 2026 Earnings Call Transcript

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Seeking Alpha • May 6, 2026

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JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS

BOSTON, May 1, 2026 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date:       May 1, 2026Ex Date:                     May 11, 2026Record Date:             May 11, 2026Payment Date:          May 29, 2026 Ticker Fund Name Distribution Per Share  Change From Previous Distribution Market Price as of 4/30/2026 Annualized Current Distribution Rate at Market HPI Preferred Income Fund I $0.1235 - $16.35 9.06 % HPF Preferred Income Fund II $0.1235 - $16.08 9.22 % HPS Preferred Income Fund III $0.1100 - $14.83 8.90 % PDT Premium Dividend Fund $0.0825 - $13.23 7.48 % HTD Tax-Advantaged Dividend Income Fund $0.1580 - $25.94 7.31 % 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.

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PRNewsWire • May 1, 2026

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HPS: Decent Yield For Retirees That Want To Protect Capital

John Hancock Preferred Income Fund III (HPS) remains a buy, offering reliable income and capital preservation amid market volatility. HPS trades at a modest 2.62% premium to NAV, below its five-year average, supporting accumulation at current levels. The fund's 9.3% yield, focus on preferred and investment-grade securities, and stability suit retirees prioritizing income over capital appreciation.

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Seeking Alpha • Mar 26, 2026

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Hammond Power Solutions Inc. (HPS.A:CA) Q4 2025 Earnings Call Transcript

Hammond Power Solutions Inc. (HPS.A:CA) Q4 2025 Earnings Call Transcript

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Seeking Alpha • Mar 20, 2026

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CEF Market Review: The Double-Whammy Of 'Juicy Yield' CEFs

We review the CEF market valuation and performance through the second week of February and highlight recent market action. CEFs overall saw higher NAVs this week, with MLPs and Utilities leading; sector discounts have tightened, rendering the market relatively expensive versus historical averages. John Hancock preferred share CEFs (HPI, HPF, HPS) maintain high distribution rates but suffer from low coverage, creating a double-whammy setup for investors.

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Seeking Alpha • Feb 21, 2026

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Hammond Power Solutions Inc. (HPS.A:CA) M&A Call Transcript

Hammond Power Solutions Inc. (HPS.A:CA) M&A Call Transcript

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Seeking Alpha • Feb 17, 2026

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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.

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Seeking Alpha • Jan 7, 2026

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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.

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Seeking Alpha • Jan 7, 2026

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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.

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Seeking Alpha • Dec 21, 2025

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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.

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Forbes • Nov 1, 2025

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