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John Hancock Preferredome Fund III (John Hancock Preferredome Fund III) Forward Dividend Yield %

: 8.99% (As of Today)
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As of today (2024-04-19), the Forward Annual Dividend Yield of John Hancock Preferredome Fund III is 8.99%.

As of today (2024-04-19), the Trailing Annual Dividend Yield of John Hancock Preferredome Fund III is 9.73%.

HPS's Forward Dividend Yield % is ranked better than
70.92% of 1207 companies
in the Asset Management industry
Industry Median: 5.91 vs HPS: 8.99

John Hancock Preferredome Fund III's Dividends per Share for the six months ended in Jan. 2024 was $0.77.

During the past 12 months, John Hancock Preferredome Fund III's average Dividends Per Share Growth Rate was 8.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -0.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -2.40% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of John Hancock Preferredome Fund III was -0.30% per year. The lowest was -3.40% per year. And the median was -3.25% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison

For the Asset Management subindustry, John Hancock Preferredome Fund III's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

John Hancock Preferredome Fund III Forward Dividend Yield % Distribution

For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund III's Forward Dividend Yield % distribution charts can be found below:

* The bar in red indicates where John Hancock Preferredome Fund III's Forward Dividend Yield % falls into.


John Hancock Preferredome Fund III Forward Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

John Hancock Preferredome Fund III Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1102024-04-102024-04-112024-04-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1102024-03-082024-03-112024-03-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.1102024-02-092024-02-122024-02-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1102024-01-112024-01-122024-01-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1102023-12-082023-12-112023-12-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.2202023-11-102023-11-132023-11-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1102023-10-112023-10-122023-10-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1102023-09-082023-09-112023-09-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1102023-08-102023-08-112023-08-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1102023-07-122023-07-132023-07-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1102023-06-092023-06-122023-06-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1102023-05-102023-05-112023-05-31Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

John Hancock Preferredome Fund III's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.32/14.74
=8.96 %

Current Share Price is $14.74.
John Hancock Preferredome Fund III's Dividends per Share for the forward twelve months is calculated as $0.11 * 12 = $1.32.

John Hancock Preferredome Fund III's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.43/14.74
=9.70 %

Current Share Price is $14.74.
John Hancock Preferredome Fund III's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.43.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

John Hancock Preferredome Fund III  (NYSE:HPS) Forward Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

John Hancock Preferredome Fund III Forward Dividend Yield % Related Terms

Thank you for viewing the detailed overview of John Hancock Preferredome Fund III's Forward Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.

John Hancock Preferredome Fund III (John Hancock Preferredome Fund III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » John Hancock Preferred Income Fund III (NYSE:HPS) » Definitions » Forward Dividend Yield %
Comparable Companies
MMU FEI RMT JPI THW IGD SCU MVF BFK FRMO BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
200 Berkeley Street, Boston, MA, USA, 02116
Website
https://www.jhinvestments.com
John Hancock Preferred Income Fund III is a closed-end, diversified management investment company. Its investment objective is to provide a high level of current income consistent with preservation of capital. The fund's secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. It seeks to achieve the objectives by investing a majority of its assets in preferred stocks and other preferred securities, including convertible preferred securities. The portfolio composition of the company consists of the U.S. preferred securities, foreign preferred securities, common stocks, corporate bonds, and the short-term investments.
Executives
Dean Garfield director C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Noni L Ellison director TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Andy Mcfetridge officer: Director of the Adviser 200 BERKELEY STREET, BOSTON MA 02116
Kristie Feinberg officer: President & CEO of the Adviser C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
York Lo officer: Vice President, Investments C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Kathryn Hayes other: Filer and Employee of the Fund C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Patricia Lizarraga director C/O JOHN, 200 BERKELEY STREET, BOSTON MA 02116
Paul Lorentz director C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Arthur Pigott officer: VP of the Adviser C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Glen J Gibbons officer: VP of the Adviser C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Frances G Rathke other: Trustee of the Fund C/O GREEN MOUNTAIN COFFEE ROASTERS, INC., 33 COFFEE LANE, WATERBURY VT 05676
Brian Macphee officer: Vice President of the Adviser C/O JOHN HANCOCK, 164 CORPORATE DRIVE, PORTSMOUTH NH 03801
Steven R Pruchansky director C/O JOHN HANCOCK, 601 CONGRESS STREET, BOSTON MA 02210
Sean Speer officer: Vice President of the Adviser C/O JOHN HANCOCK, 197 CLARENDON STREET, BOSTON MA 02116
Michael Tassinari officer: Vice President of the Adviser C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116

John Hancock Preferredome Fund III (John Hancock Preferredome Fund III) Headlines