John Hancock Preferred Income Fund II
HPFFinancial Services · Stock · monthly payer
$15.95
Add to PortfolioForward Yield
9.29%
Annual Dividend
$1.48
Payout Ratio
114%
5-Yr Growth
0.0%
Ex-Date
Jun 11, 2026
Frequency
Monthly
HPF Dividend Safety Score
61/ 100
Grade C
Borderline
Dividend-growth streak5 consecutive years of growth
Cut historyCut its dividend in 2020
Earnings payout coverage114% of earnings paid out
Balance-sheet strengthDebt/equity of 0.60
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is HPF a good dividend stock?
Yes, with caveatsJohn Hancock Preferred Income Fund II (HPF) pays a monthly dividend yielding 9.29% ($1.48/yr), with 5 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2020
- Elevated payout ratio (114%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 9.29%
- Payout Ratio
- 114%
- Annual Dividend
- $1.48
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Jun 11, 2026
- Years of Growth
- 5
- Frequency
- monthly
- Beta
- 0.66
- Market Cap
- $345.3M
- P/E Ratio
- 12.3
- 5-Yr Total Return
- -26%
- 52-Week Range
- $15.07 – $17.13
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 11, 2026 | — | $0.1240 | regular |
| Apr 13, 2026 | — | $0.1240 | regular |
| Mar 12, 2026 | — | $0.1240 | regular |
| Feb 12, 2026 | — | $0.1240 | regular |
| Jan 12, 2026 | — | $0.1240 | regular |
| Dec 11, 2025 | — | $0.1240 | regular |
| Nov 13, 2025 | — | $0.1240 | regular |
| Oct 14, 2025 | — | $0.1240 | regular |
| Sep 12, 2025 | — | $0.1240 | regular |
| Aug 11, 2025 | — | $0.1240 | regular |
| Jul 11, 2025 | — | $0.1240 | regular |
| Jun 12, 2025 | — | $0.1240 | regular |
| May 12, 2025 | — | $0.1240 | regular |
| Apr 11, 2025 | — | $0.1240 | regular |
Income Calculator
At $1.48 / yr per share
Per payment (monthly)$12.33
Annual$148.00
Monthly avg$12.33
