The John Hancock Preferred Income Fund offers an 8.04% yield, but its portfolio is split between preferred stocks and corporate bonds, diverging from its stated strategy. The fund's share price has risen 24.18% over the past year, reducing its yield from 9.84% to 8.04%. The fund's net asset value has not kept up with the recent share price appreciation.
The John Hancock Preferred Income Fund offers an attractive 8.88% yield, one of the highest among preferred stock funds. The fund's current yield may not keep up with rising living costs if held in a taxable account. The fund has outperformed its benchmark indices and has a relatively stable distribution history, but its portfolio allocation and valuation should be considered.
The John Hancock Preferred Income Fund offers a high level of income, with a current yield of 9.21%, comparable to junk bond and leveraged loan funds. The HPI closed-end fund has not cut its distribution despite the decline in the value of preferred stocks, but its net asset value has decreased by 20.89% over the past three years. The fund's holdings are primarily in preferred stocks and corporate bonds, with significant exposure to the banking sector, but it is probably reasonably safe.
John Hancock Preferred Income Fund offers a high level of current income with a yield of 10.10%. The fund's performance has been reasonably good, but its net asset value has been declining and it underperformed compared to indices. The fund has a high allocation to bonds, which may help its performance during rising interest rate periods compared to an all-preferred stock portfolio.
The John Hancock Preferred Income Fund offers a high yield of 9.84%, surpassing the fixed-income indices. The fund's recent performance has been disappointing, with a decline in share price and a negative total return. HPI's heavy weighting in the banking sector may be a concern for risk-averse investors.
HPI is one of the more popular closed end funds for preferred shares. The very long term (18 years) performance has been fantastic. The last 7.5 years have produced around 3% annually.
Investors are in desperate need of income to maintain their standard of living in the face of the highest inflation that we have seen in forty years. John Hancock Preferred Income Fund invests in a portfolio of preferred stocks and bonds in order to pay out a very high dividend yield.