NYSE · Asset Management · USD

John Hancock Preferred Income Fund III (HPS) Stock Analysis

John Hancock Preferred Income Fund III (HPS) is a Asset Management stock listed on NYSE and quoted in US Dollar.

HPS

$13.61

−$0.07 (−0.51%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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HPS Key Statistics

As of Sep 4, 2026

Trading

Open: $13.72
Previous Close: $13.68
Day's Range: 13.57–13.74
52-Week Range: 13.57–15.68
Volume: 76.50K
Beta: 0.67

Valuation

Market Cap: $437.82M
P/E Ratio: 11.73
P/S ratio: 8.54
EPS (ttm): 1.16

Financials (FY)

Revenue (FY): $66.10M
Net Income (FY): $65.54M
Profit margin: 73.63%
Shares Outstanding: 32.17M
1-Year Return: −0.57%

Dividend and dates

Dividend: $1.32+9.65%
Ex-Dividend Date: September 11, 2026
Avg Volume: 55.44K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

HPS Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+31.41%−16.56%−0.42%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−0.42%
2025	+4.86%
2024	+15.65%
2023	+7.66%
2022	−16.56%
2021	+16.44%
2020	−3.00%
2019	+31.41%
2018	−8.39%
2017	+14.31%
2016 (partial year)	−7.67%

As of September 4, 2026.

HPS Revenue and Earnings by Fiscal Year

FY ends July

RevenueNet income

202220232024

Fiscal year	Revenue	Net income	Net margin
2024	$66.10M	$65.54M	99.2%
2023	−$30.21M	−$30.75M	101.8%
2022	−$33.52M	−$33.96M	101.3%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2024	$66.10M	—	—	$65.54M	99.2%
2023	−$30.21M	—	—	−$30.75M	101.8%
2022	−$33.52M	—	—	−$33.96M	101.3%

Annual figures as reported, in the company's reporting currency. As of July 31, 2024.

HPS Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$1.32+0.0% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.88	8	—
2025	$1.32	12	+0.0%
2024	$1.32	12	+0.0%
2023	$1.32	12	+0.0%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.88	8	—
2025	$1.32	12	+0.0%
2024	$1.32	12	+0.0%
2023	$1.32	12	+0.0%
2022	$1.32	12	+0.0%
2021	$1.32	12	+0.0%
2020	$1.32	12	−7.6%
2019	$1.43	12	−2.5%
2018	$1.46	12	+0.0%
2017	$1.46	12	+200.0%
2016	$0.49	4	—

Most recent payment: $0.11 per share, ex-dividend August 13, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

HPS Valuation vs Asset Management Median

Median of 561 stocks

Metric	HPS	Asset Management median	vs median
P/E	11.73	10.34	13% above
P/S ratio	8.54	10.42	18% below
Profit margin	73.63%	24.09%	49.5 pts above

Medians across 561 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

John Hancock Preferred Income Fund III (HPS) is capitalised at $437.82M on the latest close. It is classified in the Asset Management industry, within the Financial Services sector.

Over the past 52 weeks the price has ranged from $13.57 to $15.68. HPS last closed at $13.61 on September 4, 2026. That is −$0.07 (−0.51%) against the previous close. The latest close sits 0.29% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2024, shows revenue of $66.10M. The same year closed with net income of $65.54M. The reported profit margin is 73.63%. That is 49.5 percentage points above the Asset Management median of 24.09%. Trailing earnings per share are 1.16.

Across the 3 fiscal years on file, revenue moves from −$33.52M in 2022 to $66.10M in 2024. Of those 3 years, 1 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 11.73. That is 13.44% above the Asset Management median of 10.34. The price-to-sales ratio is 8.54. On price-to-sales that is 18.02% below the Asset Management median of 10.42. The medians here are taken across 561 Asset Management companies that report the metric.

Over the trailing twelve months the price has returned −0.57%. Across 10 years the annualized return works out at +4.33%. The reported beta is 0.67. Daily returns over the trailing 10 years annualize to a volatility of 21.45%.

Growth & Income

The trailing dividend yield is 9.65%. That is 1.5 percentage points above the Asset Management median yield of 8.11%. The indicated annual rate is $1.32 a share. The ex-dividend date on file is September 11, 2026. Dividends are recorded for 11 calendar years; 2026 shows 8 payments totalling $0.88 a share. The year before, 2025, totalled $1.32 a share.

2026 is still running; the price is −0.42% year to date. The strongest complete calendar year on file is 2019 at +31.41%; the weakest is 2022 at −16.56%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

John Hancock Preferred Income Fund III (HPS) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
John Hancock Preferred Income Fund III	HPS	$437.82M	11.7
BlackRock, Inc.	BLK	$182.35B	26.9
Blackstone Inc.	BX	$162.74B	30.5
KKR & Co. Inc.	KKR	$99.50B	34.4

The Asset Management industry average P/E ratio is 10.3x. John Hancock Preferred Income Fund III trades at a P/E of 11.7.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III is a closed ended fixed income 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 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 securities or other 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 III was formed on June 19, 2003 and is domiciled in the United States.

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