John Hancock Preferred Income Fund (HPI): A Hybrid CEF Blending Corporate Bonds and Preferred Equity

The John Hancock Preferred Income Fund (HPI) is a closed-end fund that blends corporate bonds with preferred equity. The fund aims to provide a high level of income to investors by investing in a diversified portfolio of preferred stocks and corporate bonds. HPI has a history of strong performance and has been able to generate consistent returns for its investors.

The John Hancock Preferred Income Fund (HPI) has recently declared a cash dividend of $0.124 per share, with the ex-dividend date set for July 11, 2025, and payment scheduled on July 31, 2025 [1]. This announcement follows a period of increased attention to the fund due to its high yield, which is comparable to those of junk bond and leveraged loan funds. The fund's current yield stands at 9.21%, offering investors a lucrative income option [1].

The fund's performance has been noteworthy, with a significant earnings report released on July 31, 2025, highlighting strong financial results. The reported earnings totaled $9,384,000, and the dividend paid was $0.358 [1]. These figures suggest a stable financial position, enhancing the fund's appeal to income-seeking investors.

Over the past week, discussions about the John Hancock Preferred Income Fund's performance have intensified. Analysts have noted a modest increase in its stock price, marking a rise of 1.19% to $16.14 [1]. This increment is indicative of growing investor confidence, likely driven by the fund's robust fundamentals and attractive dividend yield. Moreover, the fund's financial health remains strong, as evidenced by its comprehensive earnings report and stable market presence [1].

Investors should note that the upcoming ex-dividend date on July 11, 2025, is the final opportunity to purchase shares and qualify for the forthcoming dividend. Acquisitions made post this date will not be eligible for the current dividend distribution [1].

In conclusion, the John Hancock Preferred Income Fund stands as a viable investment opportunity, especially with its upcoming ex-dividend date on July 11, 2025. The fund's strong performance and high yield make it an attractive option for investors seeking consistent income.

References:
[1] https://www.ainvest.com/news/dividend-insights-john-hancock-preferred-income-fund-essential-information-dividend-date-jul-11-2025-2507/
[2] https://www.ftportfolios.com/Retail/dp/dpoverview.aspx?Trust=DVIN3&fundid=18999
[3] https://www.marketbeat.com/stocks/NYSE/PFO/