John Hancock Preferred Income Fund
HPIFinancial Services · Stock · monthly payer
$16.16
Add to PortfolioForward Yield
9.17%
Annual Dividend
$1.48
Payout Ratio
115%
5-Yr Growth
0.0%
Ex-Date
Jun 11, 2026
Frequency
Monthly
HPI Dividend Safety Score
61/ 100
Grade C
Borderline
Dividend-growth streak5 consecutive years of growth
Cut historyCut its dividend in 2020
Earnings payout coverage115% 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 HPI a good dividend stock?
Yes, with caveatsJohn Hancock Preferred Income Fund (HPI) pays a monthly dividend yielding 9.17% ($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 (115%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 9.17%
- Payout Ratio
- 115%
- Annual Dividend
- $1.48
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Jun 11, 2026
- Years of Growth
- 5
- Frequency
- monthly
- Beta
- 0.77
- Market Cap
- $433.0M
- P/E Ratio
- 12.5
- 5-Yr Total Return
- -25%
- 52-Week Range
- $15.26 – $17.61
- 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 |
| Dec 29, 2025 | — | $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
