profit from every $100 of sales.
$0$100
John Hancock Preferred Income Fund III
$11.46+0.00% today
-23.9% in 1 year
1-year low $11.461-year high $15.06
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2021 to 2024.
0%20% a year
You pay $5.62 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What John Hancock Preferred Income Fund III sold, what it kept, and what it did with the cash.
Sales went from $110 million in 2021 to $66.1 million in 2024, with $65.5 million of profit last year.
SalesProfit
John Hancock Preferred Income Fund III handed back 92% of the cash it generated last year.
$41M
Free cash flow 2024$45M
Bought back its own shares–
Paid as dividends$41M
Cash vs. debt$361,625 vs. $274M
John Hancock Preferred Income Fund III vs. similar companies
John Hancock Preferred Income Fund III grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| John Hancock Preferred Income Fund III | 5.6× · Cheap | ||
 Nuveen AMT-Free Quality Municipal Income Fund | 36.9× · Expensive | ||
 Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 6.9× · Cheap | ||
 Nuveen Preferred & Income Opportunities Fund | 6.7× · Cheap | ||
 PIMCO Corporate & Income Opportunity Fund | 8.6× · Cheap |
AI analysis
An AI analyst reads John Hancock Preferred Income Fund III's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| 110 | -34 | -30 | 66 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 109 | -34 | -31 | 66 | |
| 3.44 | -1.06 | -0.97 | 2.05 | |
| – | – | – | – | |
| – | – | – | – | |
| 99.5% | 101.3% | 101.8% | 99.2% |
Balance sheet
| In millions of USD | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total assets | 853 | 789 | 715 | 737 |
| Cash | 0 | 0 | – | 0 |
| Total debt | 266 | 274 | 274 | 274 |
| Total liabilities | 271 | 282 | 279 | 277 |
| 582 | 507 | 436 | 460 | |
| 32 | 32 | 32 | 32 | |
| – | – | – | – | |
| 18.8% | -6.7% | -7.1% | 14.2% |
Cash flow
| In millions of USD | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| 27 | 33 | 37 | 45 | |
| – | – | – | – | |
| 27 | 33 | 37 | 45 | |
| Dividends paid | 41 | 41 | 41 | 41 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 5.6×
- –
- –
- 1.0×
- 5.6×
- 8.2×
- –
- 12.1%
- 17.8%
- 9.2%
Profitability
- 88.8%
- 101.9%
- 99.2%
- 101.9%
- 6.9%
- 3.7%
- 8.2%
- 5.1%
- 6.9%
- –
Growth
- −15.6%
- −15.8%
- −22.4%
- +0.0%
- +0.3%
Financial health
- 5.3×
- 0.59
- 37.0%
- 7.7×
- –
- –
- 0.07
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 38%of 848
Top 7%of 880
Bottom 8%of 878
Top 20%of 932
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 1, 2026 | 0.74 | – | – |
| Oct 2, 2025 | 0.44 | – | – |
| Apr 3, 2025 | 0.78 | – | – |
| Jan 24, 2025 | 0.91 | – | – |
| Apr 4, 2024 | 1.14 | – | – |
| Oct 2, 2023 | -0.53 | – | – |
| Jan 31, 2023 | 0.04 | – | – |
| Jan 30, 2022 | -0.18 | – | – |
9.2%of the share price, paid each year
On $1,000 invested$92a year at today's yield, before tax
+0.0%2020 to 2025
Raised–not every year
Paid per share, each year
$1.34 in 2015 → $1.32 in 2025
How safe it looks
62.3% of its profit
Room to growStretchedMore than it earns: 91.5%
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about John Hancock Preferred Income Fund III
Is John Hancock Preferred Income Fund III a good stock to buy?
A business with weak numbers, and the price looks low. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the John Hancock Preferred Income Fund III AI analysis
What does John Hancock Preferred Income Fund III do?
John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It is in Asset Management - Income.
Does John Hancock Preferred Income Fund III pay a dividend?
Yes. At today's price the dividend is 9.2% a year, about 62% of its yearly profit. In 2024 it paid out $40.9 million in dividends.
Is John Hancock Preferred Income Fund III stock halal?
No. John Hancock Preferred Income Fund III does not pass our halal screen: its main business, interest-based asset management, is not permitted. How we check
How has John Hancock Preferred Income Fund III stock done over the past year?
Down 23.9% over the past twelve months, to $11.46. It traded between $11.46 and $15.06 and is 23.9% below its high.
Who are John Hancock Preferred Income Fund III's competitors?
The largest listed companies in the same industry are Nuveen AMT-Free Quality Municipal Income Fund, Eaton Vance Tax-Managed Global Diversified Equity Income Fund, Nuveen Preferred & Income Opportunities Fund and PIMCO Corporate & Income Opportunity Fund. The peers table on this page compares their profit, growth and price with John Hancock Preferred Income Fund III's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.