John Hancock Preferred Income Fund Iii (HPS) Dividend Analysis
Comprehensive dividend yield, safety, growth, and income analysis for HPS.
John Hancock Preferred Income Fund Iii (HPS) pays a high 9.06% dividend yield, or $1.32 per share annually at a stock price of $11.79. The payout ratio of 1% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 0.9x. Dividend growth has been steady, with a 3-year CAGR of 0.0% and a 5-year CAGR of 0.0% (10-year: -1.0%). The most recent ex-dividend date was May 11, 2026.
Dividend Overview
John Hancock Preferred Income Fund Iii (HPS) pays a high 9.06% dividend yield, or $1.32 per share annually at a stock price of $11.79.
Dividend Safety
The payout ratio of 1% is well within sustainable levels, leaving room for future increases.
DRIP Projection
$10,000 invested in HPS with dividends reinvested would grow to approximately $23,804 after 10 years, generating roughly $2,157/year in dividend income. This projection assumes the current 9.06% yield and a constant dividend with all dividends reinvested.
| Year | Portfolio Value | Annual Income | Total Return |
|---|---|---|---|
| Year 1 | $10,906 | $988 | +9% |
| Year 5 | $15,428 | $1,398 | +54% |
| Year 10 | $23,804 | $2,157 | +138% |
| Year 15 | $36,725 | $3,327 | +267% |
| Year 20 | $56,661 | $5,133 | +467% |
Assumes constant share price and reinvestment at current price. Actual results will vary. Try our DRIP Calculator for a customized projection with real historical data.
Payment Schedule
You must own shares before the ex-dividend date to receive the upcoming payment. Payment typically arrives 2-4 weeks after the ex-date.
Frequently Asked Questions
Related Resources
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