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

Data as of 2026-11-04. NYSE, United States. Sector: Financial Services / Capital Markets. Price $13.22, market value $354 million.

## Valuation
- **P/E (trailing): 22.4×** (5-yr avg 6.4×, 3-yr avg 6.4×). John Hancock Preferred Income Fund of Beneficial Interest trades at 22.4× 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: 21.9×**. Each dollar of revenue is priced at 21.9×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 11.0%** (5-yr avg 10.1%). Free cash flow equals 11.0% of the market value, in line with its five-year average of 10.1%. Above 5% is generally attractive.
- **Earnings yield: 4.5%**. The inverse of the P/E: 4.5% of the price is earned each year.

## Profitability
- **Net margin: 97.8%**. 97.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.9%**. 3.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 2.4%**. Each dollar of assets produces 2.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -73.8%**. Revenue fell 73.8% over the last year.
- **Free-cash-flow growth (3 yr): 8.5%/yr**. Free cash flow has compounded at 8.5% a year over three years.

## Financial health
- **Cash and short-term investments: $208,863**. 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: 11.21%** ($1.48 per share, trailing). John Hancock Preferred Income Fund of Beneficial Interest yields 11.21%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 245%** (99% of free cash flow). The dividend exceeds earnings (245% payout), though free cash flow still covers 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): -18.1%** (YTD -14.1%, 3-mo -17.5%). The shares are down 18.1% over twelve months including dividends.
- **From 52-week high: -24.1%** (0.9% above the low). Trading 24% 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): 35**. An RSI of 35 is neutral.
- **Beta (1 yr): 0.40** (volatility 11%). Beta of 0.40 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.