John Hancock Preferred Income Fund (HPI) Stock Price, News & Analysis

Company Overview

John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company structured as a statutory trust under the Investment Company Act of 1940. The fund’s primary objective is to provide high current income with growth of capital as a secondary goal. It pursues this objective principally through investments in preferred securities, debt instruments and, to a lesser extent, equity securities.

The fund focuses on preferred stocks issued by U.S. and foreign issuers across a variety of industries, including financials, utilities and industrials. Portfolio managers employ fundamental credit analysis, sector allocation strategies and active duration management to balance income generation with risk control. In addition to preferred issues, the fund may allocate to common or convertible securities, contingent convertible instruments and exchange-traded securities to enhance yield.

Managed by John Hancock Advisers LLC, a subsidiary of Manulife Financial Corporation, the fund leverages the research capabilities and global distribution platform of a major asset manager. An independent board of trustees oversees its governance, ensuring compliance with investment policies and regulatory standards. HPI has traded on the New York Stock Exchange since 1986 and typically distributes net investment income to shareholders on a monthly basis.

Designed for individual and institutional investors seeking a specialized source of fixed-income yield, the fund offers exposure to preferred securities that may deliver enhanced income relative to traditional investment-grade bonds. Prospective investors should consider the interest rate sensitivity, credit risk and market volatility inherent in preferred-income investments when assessing HPI’s role in a diversified portfolio.

Key Stats

• Today's Range: $16.25 to $16.38
• 50-Day Range: $15.28 to $16.34
• 52-Week Range: $15.26 to $17.61
• Volume: 48,814 shs
• Average Volume: 60,682 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: 9.06%
• Price Target: N/A
• Consensus Rating: N/A

HPI Stock Analysis - Frequently Asked Questions

How have HPI shares performed this year?

John Hancock Preferred Income Fund's stock was trading at $16.20 at the beginning of the year. Since then, HPI stock has increased by 0.9% and is now trading at $16.34.

Who are John Hancock Preferred Income Fund's major shareholders?

Top institutional shareholders of John Hancock Preferred Income Fund include Quantum Portfolio Management LLC, TSP Capital Management Group LLC, Kestra Advisory Services LLC and Everstar Asset Management LLC. Insiders that own company stock include Dean Garfield, Thomas Rowe Wright and William K Bacic.
View institutional ownership trends.

How do I buy shares of John Hancock Preferred Income Fund?

Shares of HPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of John Hancock Preferred Income Fund own?

Based on aggregate information from My MarketBeat watchlists, some other companies that John Hancock Preferred Income Fund investors own include DoubleLine Income Solutions Fund (DSL), Annaly Capital Management (NLY), Pimco Dynamic Income Opportunities Fund (PDO), AT&T (T), ONEOK (OKE), Verizon Communications (VZ) and Ares Capital (ARCC).

Company Calendar

• Record date for 4/30 Dividend: 4/13/2026
• Ex-Dividend for 4/30 Dividend: 4/13/2026
• Dividend Payable: 4/30/2026
• Today: 5/06/2026
• Record date for 5/29 Dividend: 5/11/2026
• Ex-Dividend for 5/29 Dividend: 5/11/2026
• Dividend Payable: 5/29/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Financial Services
• Industry: Asset Management
• Sub-Industry: Financial Services
• Current Symbol: NYSE:HPI
• CIK: 1176199
• Web: www.jhinvestments.com
• Phone: (800) 852-0218
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $34.92 million
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A