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NYSE:HPI

John Hancock Preferred Income Fund - HPI Stock Forecast, Price & News

$18.98
+0.04 (+0.21%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$18.90
$19.13
50-Day Range
$16.34
$19.06
52-Week Range
$16.32
$22.13
Volume
22,417 shs
Average Volume
59,545 shs
Market Capitalization
N/A
P/E Ratio
N/A
Dividend Yield
0.08%
Price Target
N/A

About John Hancock Preferred Income Fund

John Hancock Preferred Income Fund is a closed ended balanced mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in preferred value stocks of companies, convertible preferred securities, and investment grade fixed-income securities rated investment grade or higher by Moody's or Standard & Poor's. It benchmarks the performance of its portfolio against the Bank of America Merrill Lynch Hybrid Preferred Securities Index and Barclays U.S. Aggregate Bond Index. John Hancock Preferred Income Fund was formed on August 27, 2002 and is domiciled in the United States.

John Hancock Preferred Income Fund Stock Up 1.5 %

Shares of HPI Stock opened at $18.94 on Thursday. John Hancock Preferred Income Fund has a 52 week low of $16.32 and a 52 week high of $22.13. The firm has a 50 day moving average of $17.80 and a 200-day moving average of $18.25.

John Hancock Preferred Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Thursday, August 11th will be given a $0.123 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date of this dividend is Wednesday, August 10th.

Insiders Place Their Bets

In other news, insider Steven R. Pruchansky sold 2,495 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $18.92, for a total transaction of $47,205.40. Following the completion of the transaction, the insider now directly owns 391 shares of the company's stock, valued at approximately $7,397.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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HPI Stock News Headlines

FFC: Providing Attractive Monthly Income, Yielding 7.46%
Retirement: The Social Security Time Bomb
HPI: You Need A Monthly-Pay Preferred Income Stream
John Hancock Preferred Income Fund II (HPF)
John Hancock Preferred Income Fund (HPI)
John Hancock Preferred Income Fund
The Sale On HPI Has Come And Gone
See More Headlines
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HPI Company Calendar

Ex-Dividend for 7/29 Dividend
7/08/2022
Dividend Payable
7/29/2022
Ex-Dividend for 8/31 Dividend
8/10/2022
Today
8/11/2022
Dividend Payable
8/31/2022

Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
N/A
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
N/A














HPI Stock - Frequently Asked Questions

How have HPI shares performed in 2022?

John Hancock Preferred Income Fund's stock was trading at $20.75 at the start of the year. Since then, HPI stock has decreased by 8.6% and is now trading at $18.96.
View the best growth stocks for 2022 here
.

Are investors shorting John Hancock Preferred Income Fund?

John Hancock Preferred Income Fund saw a increase in short interest in July. As of July 31st, there was short interest totaling 18,500 shares, an increase of 17.8% from the July 15th total of 15,700 shares. Based on an average trading volume of 48,700 shares, the short-interest ratio is presently 0.4 days.
View John Hancock Preferred Income Fund's Short Interest
.

How often does John Hancock Preferred Income Fund pay dividends? What is the dividend yield for John Hancock Preferred Income Fund?

John Hancock Preferred Income Fund declared a monthly dividend on Monday, August 1st. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.123 per share on Wednesday, August 31st. This represents a $1.48 annualized dividend and a yield of 7.78%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for HPI
.

Is John Hancock Preferred Income Fund a good dividend stock?

John Hancock Preferred Income Fund (NYSE:HPI) pays an annual dividend of $1.68 per share and currently has a dividend yield of 0.08%.
Read our dividend analysis for HPI.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other John Hancock Preferred Income Fund investors own include PIMCO Dynamic Credit and Mortgage Income Fund (PCI), AT&T (T), Enterprise Products Partners (EPD), Ares Capital (ARCC), Iron Mountain (IRM), Energy Transfer (ET), Annaly Capital Management (NLY), AGNC Investment (AGNC), Altria Group (MO) and ONEOK (OKE).

What is John Hancock Preferred Income Fund's stock symbol?

John Hancock Preferred Income Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "HPI."

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

John Hancock Preferred Income Fund's stock is owned by many different retail and institutional investors. Top institutional shareholders include UBS Group AG (0.00%), Commonwealth Equity Services LLC (0.00%), Danda Trouve Investment Management Inc. (0.00%), Fiera Capital Corp (0.00%), Envestnet Asset Management Inc. (0.00%) and Wedbush Securities Inc. (0.00%). Insiders that own company stock include Frances G Rathke and Steven R Pruchansky.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is John Hancock Preferred Income Fund's stock price today?

One share of HPI stock can currently be purchased for approximately $18.96.

How can I contact John Hancock Preferred Income Fund?

John Hancock Preferred Income Fund's mailing address is 601 Congress St, BOSTON, MA 02210-2804, United States. The official website for the company is www.jhinvestments.com. The company can be reached via phone at (800) 852-0218.

This page (NYSE:HPI) was last updated on 8/11/2022 by MarketBeat.com Staff

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