John Hancock Preferredome Fund IIIHPS -0.21%30 Dividend Payout Ratio is 0.90 as of Jan. 2026, which is 16% below its 10-year median of 1.07. GuruFocus rates HPS with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 931 Asset Management companies, John Hancock Preferredome Fund III ranks worse than 69.5% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. John Hancock Preferredome Fund III's Dividend Payout Ratio for the
months ended in Jan. 2026 was 0.90.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of John Hancock Preferred Income Fund III is 1.13, which seems too high.
The historical rank and industry rank for John Hancock Preferredome Fund III's Dividend Payout Ratio or its related term are showing as below:
HPS'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.38 Med: 1.07 Max: 1.88
Current: 1.13
During the past 9 years, the highest Dividend Payout Ratio of John Hancock Preferredome Fund III was 1.88. The lowest was 0.38. And the median was 1.07.
HPS's Dividend Payout Ratio is ranked worse than 69.5% of 931
companies
in the Asset Management industry
Industry Median: 0.7
vs HPS: 1.13
During the past 9 years, the highest Trailing Annual Dividend Yield of John Hancock Preferredome Fund III was 13.31%. The lowest was 6.69%. And the median was 8.43%.
During the past 5 years, the average Dividends Per Share Growth Rate was 0.60% per year.
During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of John Hancock Preferredome Fund III was 2.70% per year. The lowest was -3.40% per year. And the median was -1.70% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
John Hancock Preferredome Fund III (NYSE:HPS) Dividend Payout Ratio Explanation
In dividends investing, Dividend 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.
John Hancock Preferredome Fund III Dividend Payout Ratio Related Terms
John Hancock Preferredome Fund III Dividend Payout Ratio Historical Data
* 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 Dividend Payout Ratio Chart
HPS vs NBB, VVR, KIO: Dividend Payout Ratio Comparison
For the Asset Management subindustry, John Hancock Preferredome Fund III's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund III's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund III's Dividend Payout Ratio falls into.
John Hancock Preferredome Fund III Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
* 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 (HPS) has a Dividend Payout Ratio of 0.90 as of Jan. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on John Hancock Preferredome Fund III and its competitors. This is 16% below median its historical median of 1.07. Over the past decade, John Hancock Preferredome Fund III's Dividend Payout Ratio has ranged from 0.38 to 1.88. According to the industry distribution chart, John Hancock Preferredome Fund III ranks #647 out of 931 companies in the Asset Management industry, placing it in the top 69.5%.
Is John Hancock Preferredome Fund III's Dividend Payout Ratio too high?
John Hancock Preferredome Fund III's current Dividend Payout Ratio of 0.90 is 16% below median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 1.88. The Asset Management industry median Dividend Payout Ratio is 0.70. John Hancock Preferredome Fund III's value of 0.90 is 28.6% above this industry median. Based on the distribution chart, John Hancock Preferredome Fund III ranks #647 out of 931 companies in the Asset Management industry, which is below the industry midpoint. Overall, John Hancock Preferredome Fund III has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does John Hancock Preferredome Fund III's Dividend Payout Ratio compare to NBB and VVR?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund III ranks #647 out of 931 companies for Dividend Payout Ratio. This places John Hancock Preferredome Fund III in the lower half of its industry. The industry median Dividend Payout Ratio is 0.70. John Hancock Preferredome Fund III's value of 0.90 is 28.6% above this benchmark. Historically, John Hancock Preferredome Fund III's own Dividend Payout Ratio has ranged from 0.38 to 1.88 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 0.70, John Hancock Preferredome Fund III has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. John Hancock Preferredome Fund III's current Dividend Payout Ratio of 0.90 is 28.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on John Hancock Preferredome Fund III and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. John Hancock Preferredome Fund III's current Dividend Payout Ratio is 0.90, which is 16% below median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is John Hancock Preferredome Fund III stock overvalued right now?
John Hancock Preferredome Fund III (HPS) has a current Dividend Payout Ratio of 0.90. The current Dividend Payout Ratio is 0.90, which is 16% below median its 10-year median of 1.07 and 28.6% above the Asset Management industry median of 0.70. John Hancock Preferredome Fund III's overall GF Score™ is 30/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For John Hancock Preferredome Fund III (HPS), the current Dividend Payout Ratio is 0.90 as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
John Hancock Preferredome Fund III Business Description
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.
30GF Score
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