Is John Hancock Preferred Income Fund (HPI) a Buy, Sell, or Hold?

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NYSE : HPI

John Hancock Preferred Income Fund

$16.13 USD

$0.02 (0.12%)

Volume: 81.74K
Average Volume: 51.34K
Market Capitalization: $432.28M
P/E Ratio: 12.50
Dividend Yield: 9.19%
Price Target

Year High: $17.61
Year Low: $15.26
Day High: —
Day Low: —
Payout Ratio: $1.12
Current Ratio: $3.49

Price Target and Rating

Average Stock Price Forecast
High Stock Price Forecast
Low Stock Price Forecast
Forecast Upside/Downside	%
Consensus Rating	Neutral
Rating Score(0-5)	3
Research Coverage	0 Analysts

Profitability

EPS (Most Recent Fiscal Year)	$1.37
Trailing P/E Ratio	12.50
PEG Ratio	-0.38
P/E Growth	-0.38
Net Income	$36.72M
Net Margin	67.96%
Pretax Margin	67.96%
Return on Equity	8.03%
Return on Assets	4.99%

Financials Score

AltmanZ Score	1.51
Piotroski Score	4.00
Working Capital	10M
Total Assets	692.49M
Ebit	115.38M
Market Cap	431.62M
Total Liabilities	261.26M

Company Executives

Name	Title
Bradley Lutz	Portfolio Manager
Joseph H. Bozoyan	Portfolio Manager

About John Hancock Preferred Income Fund (NYSE:HPI) Stock

The John Hancock Preferred Income Fund operates as a closed-end, balanced mutual fund, managed by John Hancock Investment Management LLC, with additional oversight from John Hancock Asset Management. This U.S.-domiciled fund primarily invests in the public equity and fixed-income markets within the United States, seeking opportunities across a diverse range of corporate sectors. Its portfolio predominantly comprises preferred value stocks, convertible preferred securities, and investment-grade fixed-income instruments, which must hold an investment-grade rating or higher from Moody's or Standard & Poor's. The fund measures its performance against two industry benchmarks: the Bank of America Merrill Lynch Hybrid Preferred Securities Index and the Barclays U.S. Aggregate Bond Index. It was e ... stablished on August 27, 2002.

HPI: Fiscal Dominance Could Challenge Ability To Deliver Attractive Real Returns

2026-07-18 02:43:37

The John Hancock Preferred Income Fund offers a 9.17% yield, blending preferred stocks and bonds for high current income. HPI's portfolio diverges from pure preferred stock funds, with over 40% in corporate bonds, impacting both yield and risk profile. The fund's distribution is mostly covered by net investment income and realized gains, but reliance on unrealized gains warrants monitoring.

JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS

2026-07-01 16:28:00

BOSTON, July 1, 2026 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: July 1, 2026 Ex Date: July 13, 2026 Record Date: July 13, 2026 Payment Date: July 31, 2026 Ticker Fund Name Distribution Per Share Change From Previous Distribution Market Price as of 6/30/2026 Annualized Current Distribution Rate at Market HPI Preferred Income Fund I $0.1235 - $16.21 9.14 % HPF Preferred Income Fund II $0.1235 - $15.87 9.34 % HPS Preferred Income Fund III $0.1100 - $14.54 9.08 % HTD Tax-Advantaged Dividend Income Fund $0.1580 - $25.49 7.44 % John Hancock Tax-Advantaged Dividend Income Fund Tax-Advantaged Dividend Income Fund (the "Fund") declared its monthly distribution pursuant to the Fund's managed distribution plan (the "HTD Plan"). Under the HTD Plan, the Fund makes monthly distributions of an amount equal to $0.1580 per share.

National House Prices Reach New High in Slow Motion, According to First American Data & Analytics Monthly Home Price Index Report

2026-06-30 10:00:00

[url="]First American Data and Analytics[/url], a leading national provider of property-centric information, risk management and valuation solutions and a divisi

JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS

2026-06-01 16:24:00

Premium Dividend Fund (the "Fund") declared its monthly distribution pursuant to the Fund's managed distribution plan (the "PDT Plan"). Under the PDT Plan, the Fund makes monthly distributions of an amount equal to $0.0825 per share. This amount will be paid monthly until further notice.

Seasonal Uptick Returns National House Prices to Near-Peak Levels, According to First American Data & Analytics Monthly Home Price Index Report

2026-05-28 10:00:00

[url="]First American Data and Analytics[/url], a leading national provider of property-centric information, risk management and valuation solutions and a divisi

JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA

2026-05-19 17:57:00

BOSTON, May 19, 2026 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended April 30, 2026. The same data for the comparable three-month period ended April 30, 2025 is also available below.

JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS

2026-05-01 16:33:00

BOSTON, May 1, 2026 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: May 1, 2026Ex Date: May 11, 2026Record Date: May 11, 2026Payment Date: May 29, 2026 Ticker Fund Name Distribution Per Share Change From Previous Distribution Market Price as of 4/30/2026 Annualized Current Distribution Rate at Market HPI Preferred Income Fund I $0.1235 - $16.35 9.06 % HPF Preferred Income Fund II $0.1235 - $16.08 9.22 % HPS Preferred Income Fund III $0.1100 - $14.83 8.90 % PDT Premium Dividend Fund $0.0825 - $13.23 7.48 % HTD Tax-Advantaged Dividend Income Fund $0.1580 - $25.94 7.31 % John Hancock Premium Dividend Fund Premium Dividend Fund (the "Fund") declared its monthly distribution pursuant to the Fund's managed distribution plan (the "PDT Plan"). Under the PDT Plan, the Fund makes monthly distributions of an amount equal to $0.0825 per share.

Frequently Asked Questions

What is the current John Hancock Preferred Income Fund (HPI) stock price?: John Hancock Preferred Income Fund(NYSE:HPI) stock price is $16.13 in the last trading session. During the trading session, HPI stock reached the peak price of $17.61 while $15.26 was the lowest point it dropped to. The percentage change in HPI stock occurred in the recent session was 0.12% while the dollar amount for the price change in HPI stock was $0.02.
HPI's industry and sector of operation?: The NYSE listed HPI is part of Asset Management - Income industry that operates in the broader Financial Services sector.
Who are the executives of HPI?: Bradley Lutz | Portfolio Manager
Joseph H. Bozoyan | Portfolio Manager
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How many employees does HPI have?: Number of HPI employees currently stands at 0. HPI operates from 200 Berkeley Street, Boston, MA 02210-2805, US.

Link for HPI official website?: Official Website of HPI is: https://www.jhinvestments.com/Fund/Overview.aspx?ProductType=ClosedEnd&FundID=34000&BackToFundTableType=Price&ClassCode=CE
How do I contact HPI?: HPI could be contacted at phone #617-663-2430 and can also be accessed through its website. HPI operates from 200 Berkeley Street, Boston, MA 02210-2805, US.
How many shares of HPI are traded daily?: The average number of HPI shares traded daily for last 3 months was 51.34K.
What is the market cap of HPI currently?: The market value of HPI currently stands at $432.28M with its latest stock price at $16.13

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John Hancock Preferred Income Fund

$16.13 USD

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