Dividend Update: John Hancock Preferred Income Fund II (HPF) and Key Recent News Ahead of Ex-Dividend Date on Sep 12, 2025

John Hancock Preferred Income Fund II (HPF) has announced its upcoming cash dividend of $0.1235 per share, with a record date of Sep 12, 2025, and a payment date of Sep 30, 2025. The dividend was officially declared on Sep 2, 2025, following a consistent payout pattern. This upcoming payment aligns with the fund’s last dividend of $0.1235 per share, also of the cash type, which was issued on Aug 29, 2025. The average of the last 10 dividend payments is slightly higher at $0.1333 per share, indicating a marginal decrease in the current payout. Investors should note that the ex-dividend date of Sep 12, 2025, is the last day to purchase shares and still qualify for the dividend. Purchases made after this date will not entitle the buyer to receive the dividend.

Over the past week, the fund has drawn increased attention from market participants due to its high forward yield of 9.19%, driven by its consistent monthly payouts. Analysts noted that HPF recently reaffirmed its commitment to maintaining a stable dividend stream, making it an attractive option for income-focused investors. Additionally, recent reports highlighted that HPF offers a 9.4% yield and monthly distributions, which continue to position it as a solid option for those prioritizing regular income over capital growth. The fund’s annualized dividend of $1.48 per share reflects its long-standing payout structure, with limited changes observed in its yield and growth projections.

Since the last update, the fund’s performance has remained stable, with its current yield standing at 9.04%. This consistency underscores HPF’s reliability in delivering returns to shareholders, particularly in a low-growth environment. Recent commentary from market observers indicated that HPF’s strategy remains focused on income generation through a diversified portfolio, with little emphasis on capital appreciation. As of late, investors have been closely monitoring the fund’s payout ratio and its ability to sustain its yield in the face of broader market fluctuations. While the 5-year dividend growth rate is negative at -0.22%, the fund continues to offer competitive returns compared to similar closed-end funds.

In conclusion, John Hancock Preferred Income Fund II remains a preferred choice for investors seeking regular income, with its latest dividend announcement reinforcing its predictable payout structure. It is important to note that the ex-dividend date for this payment is Sep 12, 2025, meaning investors must purchase shares by that date to be eligible for the $0.1235 per share dividend. Any shares acquired after this date will not qualify for the payout.