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About the company
John Hancock Preferred Income Fund III (the Fund) is a closed-end management investment company. The Fund seeks 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 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 invests at least 50% of its total assets in preferred securities and other fixed-income securities that are rated investment grade. Its portfolio includes preferred securities-United States, Preferred Securities-Foreign, common stocks, corporate bonds, capital preferred securities and short-term investments and other. It invests in various sectors, including financials, utilities, energy, communication services, real estate, consumer staples, health care, and others.
- 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Procaps Group SA | -100.00bn | -100.00bn | 470.48m | 4.90k | -- | -- | -- | -- | -- | -- | -- | -0.0849 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.925 | -- | 1.04 | -- | 23.61 | -- | -865.47 | -- | -- | -- |
| Guggenheim Active Allocation Fund | 15.66m | -68.61m | 473.59m | -- | -- | 0.8232 | -- | 30.24 | -2.07 | -2.07 | 0.4749 | 17.44 | -- | -- | -- | -- | -- | -- | -- | -- | 59.77 | -- | -438.12 | -- | -- | 0.1196 | 0.3014 | -- | -- | -- | -- | -- | -- | -- |
| Blackrock Municipal Income Trust | -100.00bn | -100.00bn | 473.83m | -- | -- | 0.8636 | -- | -- | -- | -- | -- | 12.18 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.1544 | -- | -- | -- | -- | -- | -- | -- |
| Nuveen Floating Rate Income Fund | -100.00bn | -100.00bn | 476.98m | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| John Hancock Preferred Income Fund III | -100.00bn | -100.00bn | 479.91m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Leo Holdings Corp II | 0.00 | 10.21m | 480.00m | -- | 47.01 | 1.32 | 654.74 | -- | 0.2178 | 0.2178 | 0.00 | 7.74 | 0.00 | -- | -- | -- | 2.71 | -- | 2.72 | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | 4,937.84 | -- | -- | -- |
| PGIM Global High Yield Fund Inc | 47.79m | -97.07m | 481.26m | -- | -- | 0.8994 | -- | 10.07 | -2.37 | -2.37 | 1.17 | 13.08 | 0.0602 | -- | -- | -- | -12.23 | 2.15 | -12.45 | 2.19 | 81.09 | 76.30 | -203.12 | 37.09 | -- | 0.2845 | 0.1426 | 234.54 | -13.07 | -2.01 | -196.00 | -- | -- | 1.15 |
| North Atlantic Acquisition Corp | 0.00 | 15.67m | 481.49m | -- | 30.73 | 1.32 | -- | -- | 0.3303 | 0.3303 | 0.00 | 7.71 | 0.00 | -- | -- | -- | 4.10 | -- | 4.12 | -- | -- | -- | -- | -- | -- | -- | 0.0033 | -- | -- | -- | 133,472.80 | -- | -- | -- |
| BlackRock Ltd Duration Income Trust | -100.00bn | -100.00bn | 482.46m | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Nuveen Taxable Municipal Income Fund | 43.19m | -148.98m | 484.33m | -- | -- | 1.01 | -- | 11.21 | -5.12 | -5.12 | 1.49 | 16.36 | 0.0516 | -- | 336.11 | -- | -17.79 | 3.22 | -24.74 | 3.91 | 77.56 | 78.48 | -344.95 | 61.89 | -- | 0.1833 | 0.332 | 131.67 | 6.54 | 1.78 | -127.32 | -- | -- | -1.90 |
| Tech and Energy Transition Corp | 0.00 | 12.04m | 485.10m | -- | 40.29 | 1.31 | 40.29 | -- | 0.2502 | 0.2502 | 0.00 | 7.72 | 0.00 | -- | -- | -- | 3.11 | -- | 3.12 | -- | -- | -- | -- | -- | -- | -- | 0.0017 | -- | -- | -- | 296.57 | -- | -- | -- |
| Pennantpark Floating Rate Capital Ltd | 105.49m | 3.46m | 485.65m | -- | 79.37 | 0.9214 | -- | 4.60 | 0.1349 | 0.1349 | 2.57 | 11.62 | 0.0881 | -- | 5.64 | -- | 0.2886 | 2.23 | 0.2944 | 2.30 | 49.46 | 54.80 | 3.28 | 27.47 | -- | 1.09 | 0.5607 | 180.77 | 27.56 | 12.13 | -93.89 | -37.54 | -- | 0.00 |
| Clearbridge MLP and Midstream Fund Inc | 9.14m | 179.70m | 486.00m | -- | 2.70 | 0.8385 | -- | 53.15 | 13.35 | 13.35 | 0.6789 | 43.07 | 0.0128 | -- | 0.7391 | -- | 25.05 | -6.13 | 25.14 | -6.17 | -21.65 | -96.61 | 1,965.12 | -592.93 | -- | -- | 0.2942 | -- | 22.80 | -- | 137.20 | 58.04 | -- | -23.09 |
| Invesco California Value Mncpl Incm Trst | 27.70m | -102.01m | 487.53m | -- | -- | 0.9174 | -- | 17.60 | -2.13 | -2.13 | 0.5784 | 11.10 | 0.0279 | -- | 1.77 | -- | -10.26 | 2.37 | -10.61 | 2.38 | 59.96 | 70.68 | -368.22 | 57.54 | -- | 0.1401 | 0.4109 | 114.54 | -13.94 | -2.38 | -104.85 | -- | -- | -3.86 |
| Thornburg Income Builder Opprtnts Trust | 28.10m | -112.68m | 487.64m | -- | -- | 1.02 | -- | 17.35 | -3.51 | -3.51 | 0.8759 | 14.97 | -- | -- | -- | -- | -- | -- | -- | -- | 72.88 | -- | -400.99 | -- | -- | 0.1377 | 0.00 | -- | 516.91 | -- | -2,095.15 | -- | -- | -- |
| Blackstone Strategic Credit Fund | 56.16m | -60.47m | 488.63m | -- | -- | 0.8751 | -- | 8.70 | -1.35 | -1.35 | 1.26 | 12.50 | 0.054 | -- | 1.25 | -- | -5.81 | 2.85 | -6.28 | 3.08 | 67.55 | 69.99 | -107.69 | 43.39 | -- | 0.3841 | 0.3751 | 162.66 | -11.46 | -6.10 | 3,732.91 | -17.10 | -- | -7.42 |
Data as of Jan 26 2023. Currency figures normalised to John Hancock Preferred Income Fund III's reporting currency: US Dollar USD
7.57%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Spectrum Asset Management, Inc.as of 30 Sep 2022 | 646.42k | 2.04% |
| UBS Financial Services, Inc.as of 30 Sep 2022 | 528.75k | 1.67% |
| Morgan Stanley Smith Barney LLC (Investment Management)as of 30 Sep 2022 | 451.94k | 1.42% |
| Invesco Capital Management LLCas of 30 Sep 2022 | 227.66k | 0.72% |
| Columbia Management Investment Advisers LLCas of 30 Sep 2022 | 166.92k | 0.53% |
| Securities America Advisors, Inc.as of 30 Sep 2022 | 107.17k | 0.34% |
| Commonwealth Equity Services LLCas of 30 Sep 2022 | 85.77k | 0.27% |
| Fiera Capital Corp. (Investment Management)as of 30 Sep 2022 | 81.77k | 0.26% |
| LPL Financial LLCas of 31 Dec 2022 | 56.15k | 0.18% |
| Cetera Advisor Networks LLCas of 30 Sep 2022 | 51.58k | 0.16% |
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Data from 30 Sep 2022 - 31 Dec 2022Source: FactSet Research Systems Inc.
