John Hancock Preferred Income Fund (HPI) Stock

About John Hancock Preferred Income Fund

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 established on August 27, 2002.

John Hancock Preferred Income Fund is headquartered in US.

John Hancock Preferred Income Fund (HPI) stock trades at $16.21 with a market capitalization of $434.30M. The stock is valued at a price-to-earnings (P/E) ratio of 12.57, price-to-book of 1.01, price-to-sales of 8.55. Over the past 52 weeks the stock has ranged between $15.26 and $17.61, and currently trades 8.0% below its 52-week high. It pays a dividend yielding 9.13%.

On profitability, John Hancock Preferred Income Fund generates a return on equity (ROE) of 8.03%, return on capital employed of 7.09%, an operating margin of 96.04%, a net profit margin of 67.96%.

Official website: www.jhinvestments.com/Fund/Overview.aspx?ProductType=ClosedEnd&FundID=34000&BackToFundTableType=Price&ClassCode=CE