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About the company
John Hancock Preferred Income Fund III (the Fund) is a closed-end, diversified management investment company. The Fund's primary investment objective is to provide a high level of current income, consistent with preservation of capital. The Fund's secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. The Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in preferred stocks and other preferred securities, including convertible preferred securities. The Fund may invest in corporate bonds, common stock, securities issued by the United States (U.S.) government or its related agencies, real estate investment trusts and money market instruments. It may invest up to 20% of its total assets in securities of corporate and governmental issuers located outside the U.S. that are traded or denominated in U.S. dollars. Its investment advisor is John Hancock Investment Management LLC.
- Revenue in USD (TTM)--
- Net income in USD--
- Incorporated2003
- Employees--
- LocationJohn Hancock Preferred Income Fund III601 Congress St.BOSTON 02210United StatesUSA
- Phone+1 (617) 663-3000
- Websitehttps://www.jhinvestments.com/Fund/Overview.aspx
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PennantPark Investment Corp. | 149.37m | 59.95m | 477.44m | 0.00 | 7.96 | 0.952 | -- | 3.20 | 0.9192 | 0.9192 | 2.29 | 7.69 | 0.1191 | -- | 12.40 | -- | 4.78 | 1.75 | 4.92 | 1.79 | 52.41 | 50.14 | 40.14 | 19.85 | -- | 8.39 | 0.6051 | 191.57 | 38.49 | 6.07 | -36.65 | -- | -- | 1.09 |
| Gladstone Capital Corporation | 93.80m | 68.62m | 480.34m | 73.00 | 6.71 | 1.12 | -- | 5.12 | 3.29 | 3.29 | 4.55 | 19.87 | 0.1241 | -- | 9.85 | 1,284,890.00 | 9.08 | 6.17 | 9.17 | 6.22 | 36.65 | 35.91 | 73.16 | 54.71 | -- | -- | 0.4617 | 83.97 | 36.87 | 13.65 | 114.26 | 18.00 | -- | 7.93 |
| Abrdn Global Infrastructure Income Fund | 37.04m | 8.25m | 481.19m | -- | 58.32 | 0.9964 | -- | 12.99 | 0.3273 | 0.3273 | 1.47 | 19.16 | 0.1127 | -- | 39.03 | -- | 2.51 | -- | 2.53 | -- | 84.41 | -- | 22.28 | -- | -- | 1.41 | 0.00 | -- | 126.25 | -- | 147.39 | -- | -- | -- |
| PGIM Global High Yield Fund Inc | 48.12m | 48.71m | 483.72m | -- | 9.93 | 0.917 | -- | 10.05 | 1.19 | 1.19 | 1.18 | 12.89 | 0.0719 | -- | -- | -- | 7.28 | 2.52 | 7.42 | 2.56 | 70.98 | 77.22 | 101.23 | 40.96 | -- | -- | 0.2156 | 227.51 | -2.44 | -1.27 | 136.05 | 6.11 | -- | 52.59 |
| BlackRock MuniYield Fund Inc | 37.44m | 15.50m | 489.81m | -- | 31.60 | 0.873 | -- | 13.08 | 0.3389 | 0.3389 | 0.8165 | 17.76 | 0.0419 | -- | 3.48 | -- | 1.74 | -- | 1.77 | -- | 57.26 | -- | 41.40 | -- | -- | 3.79 | 0.0595 | -- | -- | -- | -- | -- | -- | -- |
| Nuveen New Jersey Quality Mncpl Inc Fund | -100.00bn | -100.00bn | 489.81m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| BlackRock Ltd Duration Income Trust | -100.00bn | -100.00bn | 491.03m | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| abrdn World Healthcare Fund | 12.78m | 37.62m | 492.21m | -- | 12.96 | 1.10 | -- | 38.53 | 0.9932 | 0.9932 | 0.3352 | 11.73 | 0.0222 | -- | 4.48 | -- | 6.53 | 3.71 | 6.58 | 3.78 | -6.28 | 19.07 | 294.44 | 180.74 | -- | -- | 0.2116 | 215.11 | 5.47 | -1.33 | 159.87 | 3.10 | -- | -0.4599 |
| John Hancock Preferred Income Fund III | -100.00bn | -100.00bn | 492.88m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Guggenheim Active Allocation Fund | 48.90m | 47.93m | 495.36m | -- | 10.34 | 0.9389 | -- | 10.13 | 1.45 | 1.45 | 1.48 | 16.00 | 0.0675 | -- | 2.50 | -- | 6.61 | -- | 9.04 | -- | 59.37 | -- | 98.02 | -- | -- | -- | 0.2055 | -- | 183.02 | -- | 89.63 | -- | -- | -- |
| Invesco Trst fr Invstmt Grd Nw Yrk Mncpl | -100.00bn | -100.00bn | 496.57m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| BlackRock Municipal Income Trust II | 40.27m | 15.70m | 504.00m | 0.00 | 32.11 | 0.8652 | -- | 12.52 | 0.3289 | 0.3289 | 0.8389 | 12.20 | 0.0442 | -- | 15.89 | -- | 1.72 | -0.5466 | 1.74 | -0.553 | 50.64 | 67.24 | 38.98 | -14.20 | -- | 4.59 | 0.3012 | -- | 7.34 | 9.84 | 96.90 | -- | -- | -11.10 |
| Invesco Quality Municipal Income Trust | 40.40m | 44.74m | 504.51m | 0.00 | 11.28 | 0.8591 | -- | 12.49 | 0.846 | 0.846 | 0.7638 | 11.10 | 0.0457 | -- | 10.03 | -- | 5.06 | 0.8629 | 5.12 | 0.8689 | 55.74 | 66.12 | 110.75 | 21.36 | -- | -- | 0.3288 | 310.17 | -2.38 | -3.72 | 150.95 | 12.96 | -- | -8.92 |
| Thornburg Income Builder Opportunts Trst | 31.95m | 71.19m | 511.06m | -- | 7.18 | 0.8668 | -- | 16.00 | 2.22 | 2.22 | 0.9958 | 18.38 | 0.0555 | -- | 6.08 | -- | 12.36 | -- | 12.38 | -- | 77.26 | -- | 222.83 | -- | -- | -- | 0.00 | -- | 0.0323 | -- | 192.83 | -- | -- | -- |
| Gladstone Investment Corporation | 117.56m | 85.31m | 511.44m | 70.00 | 5.62 | 1.04 | -- | 4.35 | 2.48 | 2.48 | 3.41 | 13.43 | 0.138 | -- | 22.05 | 1,679,457.00 | 10.01 | 7.36 | 10.50 | 7.65 | 36.98 | 50.12 | 72.56 | 54.79 | -- | -- | 0.447 | 87.74 | 27.37 | -1.72 | 139.98 | 0.8945 | -- | 20.76 |
Data as of May 23 2024. Currency figures normalised to John Hancock Preferred Income Fund III's reporting currency: US Dollar USD
7.97%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| UBS Financial Services, Inc.as of 31 Mar 2024 | 829.87k | 2.60% |
| Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Mar 2024 | 807.95k | 2.53% |
| Invesco Capital Management LLCas of 31 Mar 2024 | 203.04k | 0.64% |
| Securities America Advisors, Inc.as of 31 Mar 2024 | 151.89k | 0.48% |
| Columbia Management Investment Advisers LLCas of 31 Mar 2024 | 121.12k | 0.38% |
| Cetera Advisor Networks LLCas of 31 Mar 2024 | 112.22k | 0.35% |
| Commonwealth Equity Services LLCas of 31 Mar 2024 | 104.67k | 0.33% |
| Fiera Capital Corp. (Investment Management)as of 31 Mar 2024 | 84.37k | 0.26% |
| LPL Financial LLCas of 31 Mar 2024 | 76.06k | 0.24% |
| The Philadelphia Trust Co. (Investment Management)as of 31 Mar 2024 | 52.30k | 0.16% |
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
