# John Hancock Preferred Income Fund Common Shares of Beneficial Interest (HPI) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $15.69, market value $418 million.

## Valuation
- **P/E (trailing): 12.2×** (5-yr avg 6.4×, 3-yr avg 6.4×). John Hancock Preferred Income Fund Common Shares of Beneficial Interest trades at 12.2× trailing earnings, well above its own five-year average of 6.4×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 6.8×**. Each dollar of revenue is priced at 6.8×.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 8.9%** (5-yr avg 10.1%). Free cash flow equals 8.9% of the market value, in line with its five-year average of 10.1%. Above 5% is generally attractive.
- **Earnings yield: 8.2%**. The inverse of the P/E: 8.2% of the price is earned each year.

## Profitability
- **Net margin: 99.1%**. 99.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.2%**. 14.2% on shareholders' equity is solid.
- **Return on assets: 8.9%**. Each dollar of assets produces 8.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 299.0%**. Revenue grew 299.0% over the last year.
- **EPS growth (1 yr): 291.7%**. Earnings per share rose 291.7%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: $389,922**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 9.45%** ($1.48 per share, trailing). John Hancock Preferred Income Fund Common Shares of Beneficial Interest yields 9.45%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 60%** (100% of free cash flow). 60% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): 5.2%** (YTD 1.5%, 3-mo -0.7%). The shares are up 5.2% over twelve months including dividends.
- **From 52-week high: -10.9%** (2.8% above the low). Trading 11% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 30**. An RSI of 30 is neutral.
- **Beta (1 yr): 0.41** (volatility 9%). Beta of 0.41 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HPI · Page: https://foliofundamentals.com/stocks/hpi

Not investment advice.