John Hancock Preferred Income Fund III
HPSFinancial Services · Stock · monthly payer
$14.56
Add to PortfolioForward Yield
9.07%
Annual Dividend
$1.32
Payout Ratio
113%
5-Yr Growth
0.0%
Ex-Date
Jun 11, 2026
Frequency
Monthly
HPS Dividend Safety Score
61/ 100
Grade C
Borderline
Dividend-growth streak5 consecutive years of growth
Cut historyCut its dividend in 2020
Earnings payout coverage113% of earnings paid out
Balance-sheet strengthDebt/equity of 0.59
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 HPS a good dividend stock?
Yes, with caveatsJohn Hancock Preferred Income Fund III (HPS) pays a monthly dividend yielding 9.07% ($1.32/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 (113%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 9.07%
- Payout Ratio
- 113%
- Annual Dividend
- $1.32
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Jun 11, 2026
- Years of Growth
- 5
- Frequency
- monthly
- Beta
- 0.68
- Market Cap
- $468.4M
- P/E Ratio
- 12.4
- 5-Yr Total Return
- -24%
- 52-Week Range
- $13.80 – $15.68
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 11, 2026 | — | $0.1100 | regular |
| Apr 13, 2026 | — | $0.1100 | regular |
| Mar 12, 2026 | — | $0.1100 | regular |
| Feb 12, 2026 | — | $0.1100 | regular |
| Jan 12, 2026 | — | $0.1100 | regular |
| Dec 11, 2025 | — | $0.1100 | regular |
| Nov 13, 2025 | — | $0.1100 | regular |
| Oct 14, 2025 | — | $0.1100 | regular |
| Sep 12, 2025 | — | $0.1100 | regular |
| Aug 11, 2025 | — | $0.1100 | regular |
| Jul 11, 2025 | — | $0.1100 | regular |
| Jun 12, 2025 | — | $0.1100 | regular |
| May 12, 2025 | — | $0.1100 | regular |
| Apr 11, 2025 | — | $0.1100 | regular |
Income Calculator
At $1.32 / yr per share
Per payment (monthly)$11.00
Annual$132.00
Monthly avg$11.00
