What is John Hancock Preferredome Fund II 5-Year Yield-on-Cost %?
John Hancock Preferredome Fund II's yield on cost for the quarter that ended in Jan. 2024 was 7.55.
The historical rank and industry rank for John Hancock Preferredome Fund II's 5-Year Yield-on-Cost % or its related term are showing as below:
HPF'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.64 Med: 6.97 Max: 11.47
Current: 7.55
During the past 7 years, John Hancock Preferredome Fund II's highest Yield on Cost was 11.47. The lowest was 5.64. And the median was 6.97.
HPF's 5-Year Yield-on-Cost % is ranked better than 61.37% of 1214
companies
in the Asset Management industry
Industry Median: 5.985
vs HPF: 7.55
Competitive Comparison of John Hancock Preferredome Fund II's 5-Year Yield-on-Cost %
For the Asset Management subindustry, John Hancock Preferredome Fund II's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 II's 5-Year Yield-on-Cost % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund II's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund II's 5-Year Yield-on-Cost % falls into.
John Hancock Preferredome Fund II 5-Year Yield-on-Cost % Calculation
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of John Hancock Preferredome Fund II is calculated as
John Hancock Preferredome Fund II (NYSE:HPF) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
John Hancock Preferredome Fund II 5-Year Yield-on-Cost % Related Terms
Thank you for viewing the detailed overview of John Hancock Preferredome Fund II's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.
John Hancock Preferredome Fund II (John Hancock Preferredome Fund II) Business Description
John Hancock Preferred Income Fund II is the United States based closed-end, diversified management investment company. Its primary 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. The fund's principal investment strategies include to invests a majority of its assets in preferred stocks and other preferred securities, including convertible preferred securities. Its portfolio composition consists of U.S preferred securities, common stocks, foreign preferred securities, corporate bonds, capital preferred securities and short-term investments.
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