John Hancock Preferred Income Fund II Announces $0.1235 Dividend on Ex-Dividend Date of November 13, 2025

Introduction

John Hancock Preferred Income Fund II (HPF) has a long-standing history of delivering consistent income to investors through its preferred dividend policy. The fund, structured as a closed-end fund, typically distributes dividends on a monthly basis, aligning with its investment objective of generating current income through a diversified portfolio of fixed-income securities.

As the market enters late 2025, interest rate expectations have stabilized after a prolonged period of volatility, which could help preserve the fund’s income-generating capacity. With a strong performance in Q3 2025, including robust net income and operating income figures, HPF appears well-positioned to maintain its dividend trajectory.

Dividend Overview and Context

The fund has declared a cash dividend of $0.1235 per share, with the ex-dividend date set for

. Investors purchasing shares on or after this date will not be eligible to receive the dividend.

This dividend payment reflects HPF’s disciplined approach to distributing earnings to shareholders, even amid macroeconomic headwinds. The ex-dividend date typically results in a share price adjustment, as the value of the security drops by the dividend amount (before tax implications and trading dynamics). Investors should anticipate a small downward tick in the fund’s net asset value (NAV) or share price on the ex-dividend date.

Backtest Analysis

A backtest of HPF’s historical dividend events reveals that the fund has historically recovered from the dividend impact in an average of

, with a

of full recovery within

. Across 19 observed dividend events, the price normalization is both rapid and consistent, suggesting strong demand for the fund’s income profile.

The strategy modeled in the backtest assumed reinvestment of dividends and did not factor in transaction costs or tax impacts. Over the tested period, HPF has demonstrated resilience post-dividend, reinforcing its appeal as a stable source of recurring income.

Driver Analysis and Implications

HPF’s ability to declare a stable dividend is supported by its strong Q3 2025 financials. With

and

, the fund is showing solid operational performance. The

is offset by

, resulting in a strong earnings base to support its dividend payout.

The fund’s dividend per share of $0.1235 aligns with its historical pattern and reflects a sustainable payout ratio relative to its earnings. Given the current macroeconomic landscape—characterized by cautious optimism around Fed policy and stable long-term interest rates—HPF is well-positioned to maintain its income generation capabilities.

Investment Strategies and Recommendations

For

, the ex-dividend date offers a strategic point for portfolio rebalancing or entry. Given the backtest’s strong recovery timeline, investors can consider buying in near the ex-dividend date with confidence in the fund’s price normalization.

Long-term income-focused investors should view this as a reliable addition to their dividend portfolio. HPF’s historical consistency in dividend payments and quick post-dividend recovery make it an attractive option for those seeking dependable yields with low volatility.

Conclusion & Outlook

In summary, HPF’s November 2025 dividend of $0.1235 per share, with an ex-dividend date of November 13, 2025, is supported by strong earnings and consistent performance. Historical patterns suggest that investors can expect price normalization within a week or two, reinforcing the fund’s appeal as a high-quality income generator.

Investors should keep an eye on HPF’s next earnings report for insights into how the fund is navigating the current market environment. With a balanced portfolio and a proven track record, HPF remains a compelling option in the preferred income space.