HPS Dividend History & Analysis | 9% Yield

HPS has a dividend yield of 9% and paid 1.32 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 9.03%
Payout Ratio -
Growth Rate CAGR 5y -
Consistency Lifetime 94.4%
Yield on Cost 5y 11.71%
Payout FCF -
Streak Years 23
Dividend Rating 62.53%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 4.9%
Total Return 5y: 30.3%

Top Dividend Payers in Preferred Stock

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
JPC 859 M 9.95% 13.0%
HPF 393 M 9.18% 12.1%
HPI 479 M 9.09% 11.8%
FPF 1,267 M 9.64% 10.4%
PDT 779 M 7.73% 10.4%
Top 2 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
FPF 1,267 M 1.90% 94.1%
JPC 859 M 5.90% 93.5%

HPS Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2026-01-12 2026-01-12 2026-01-30 Monthly 0.11 0% 0.76%
2025-12-11 2025-12-11 2025-12-31 Monthly 0.11 0% 0.76%
2025-11-13 2025-11-13 2025-11-28 Monthly 0.11 0% 0.73%
2025-10-14 2025-10-14 2025-10-31 Monthly 0.11 0% 0.72%
2025-09-12 2025-09-12 2025-09-30 Monthly 0.11 0% 0.73%
2025-08-11 2025-08-11 2025-08-29 Monthly 0.11 0% 0.76%
2025-07-11 2025-07-11 2025-07-31 Monthly 0.11 0% 0.77%
2025-06-12 2025-06-12 2025-06-30 Monthly 0.11 0% 0.77%
2025-05-12 2025-05-12 2025-05-30 Monthly 0.11 0% 0.76%
2025-04-11 2025-04-11 2025-04-30 Monthly 0.11 0% 0.79%
2025-03-13 2025-03-13 2025-03-31 Monthly 0.11 0% 0.74%
2025-02-13 2025-02-13 2025-02-28 Monthly 0.11 0% 0.71%
2025-01-13 2025-01-13 2025-01-31 Monthly 0.11 0% 0.76%
2024-12-12 2024-12-12 2024-12-31 Monthly 0.11 0% 0.71%
2024-11-12 2024-11-12 2024-11-29 Monthly 0.11 0% 0.68%
2024-10-11 2024-10-11 2024-10-31 Monthly 0.11 0% 0.65%
2024-09-13 2024-09-13 2024-09-30 Monthly 0.11 0% 0.66%
2024-08-12 2024-08-12 2024-08-30 Monthly 0.11 0% 0.7%
2024-07-11 2024-07-11 2024-07-31 Monthly 0.11 0% 0.68%
2024-06-13 2024-06-13 2024-06-28 Monthly 0.11 0% 0.7%
2024-05-10 2024-05-13 2024-05-31 Monthly 0.11 0% 0.72%
2024-04-10 2024-04-11 2024-04-30 Monthly 0.11 0% 0.73%
2024-03-08 2024-03-11 2024-03-28 Monthly 0.11 0% 0.72%
2024-02-09 2024-02-12 2024-02-29 Monthly 0.11 0% 0.75%
2024-01-11 2024-01-12 2024-01-31 Monthly 0.11 0% 0.75%
2023-12-08 2023-12-11 2023-12-29 Monthly 0.11 0% 0.82%
2023-11-10 2023-11-13 2023-11-30 Monthly 0.11 0% 0.85%
2023-10-11 2023-10-12 2023-10-31 Monthly 0.11 0% 0.87%
2023-09-08 2023-09-11 2023-09-29 Monthly 0.11 0% 0.8%
2023-08-10 2023-08-11 2023-08-31 Monthly 0.11 0% 0.78%
2023-07-12 2023-07-13 2023-07-31 Monthly 0.11 0% 0.78%
2023-06-09 2023-06-12 2023-06-30 Monthly 0.11 0% 0.79%
2023-05-10 2023-05-11 2023-05-31 Monthly 0.11 0% 0.81%
2023-04-12 2023-04-13 2023-04-28 Monthly 0.11 0% 0.77%
2023-03-10 2023-03-13 2023-03-31 Monthly 0.11 0% 0.74%
2023-02-10 2023-02-13 2023-02-28 Monthly 0.11 0% 0.71%
2023-01-12 2023-01-13 2023-01-31 Monthly 0.11 0% 0.71%
2022-12-09 2022-12-12 2022-12-30 Monthly 0.11 0% 0.77%
2022-11-10 2022-11-14 2022-11-30 Monthly 0.11 0% 0.75%
2022-10-12 2022-10-13 2022-10-31 Monthly 0.11 0% 0.75%
2022-09-09 2022-09-12 2022-09-30 Monthly 0.11 0% 0.69%
2022-08-10 2022-08-11 2022-08-31 Monthly 0.11 0% 0.64%
2022-07-08 2022-07-11 2022-07-29 Monthly 0.11 0% 0.7%
2022-06-10 2022-06-13 2022-06-30 Monthly 0.11 0% 0.64%
2022-05-11 2022-05-12 2022-05-31 Monthly 0.11 0% 0.68%
2022-04-08 2022-04-11 2022-04-29 Monthly 0.11 0% 0.63%
2022-03-31 0.11 0% 0.62%
2022-03-10 2022-03-11 2022-03-31 Monthly 0.11 0% 0.64%
2022-02-10 2022-02-11 2022-02-28 Monthly 0.11 0% 0.64%
2022-01-12 2022-01-13 2022-01-31 Monthly 0.11 0% 0.59%

HPS Dividend FAQ

John Hancock Preferred Income III Closed Fund (NYSE:HPS) is a U.S.-based closed-end fund that invests primarily in preferred securities. It trades under the ticker HPS and follows a preferred-stock style, positioning itself to deliver regular income through a portfolio of senior-ranked, dividend-paying instruments.

What is the Dividend Yield of HPS?

As of February 2026, HPS`s dividend yield is 9.03%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.32 USD by the current share price of 14.69.

Does HPS pay a dividend?

As of February 2026, HPS paid a dividend of 1.32 USD in the last 12 months. The last dividend was paid on 2026-01-12 and the payout was 0.11 USD.

How often does HPS pay dividends?

HPS pays dividends monthly. Over the last 12 months, HPS has issued 12 dividend payments. The last dividend payment was made on 2026-01-12.

HPS dividend forecast

Based on historical data, the forecasted dividends per share for HPS for the next 4 payments are between 0.105 (-4.5%) and 0.107 (-2.7%).
This suggests the dividend will remain relatively stable.

Will HPS pay dividends in 2026?

The latest dividend paid per share was 0.11 USD with an Ex-Dividend Date of 2026-01-12. The next Ex-Dividend date for John Hancock Preferred (HPS) is currently unknown.

What is the next Ex-Dividend Date for HPS?

The next Ex-Dividend date for John Hancock Preferred (HPS) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of HPS?

HPS's average dividend growth rate over the past 5 years is 0.00% per year.

What is the Yield on Cost of HPS?

HPS's 5-Year Yield on Cost is 11.7%. If you bought HPS's shares at 11.27 USD five years ago, your current annual dividend income (1.32 USD per share, trailing 12 months) equals 11.7% of your original purchase price.

What is the Payout Consistency of HPS?

HPS Payout Consistency is 94.4%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Very consistent: John Hancock Preferred has a strong track record of consistent dividend payments over its lifetime.

Does HPS have a good Dividend Yield?

HPS`s 9.03% Dividend Yield is considered as very high. This is usually only sustainable for REITs, Asset Managements, MLPs or Covered Call ETFs.

What is the Dividend Payout Ratio of HPS?

The Dividend Payout Ratio of HPS is unknown.

What is the Dividend Rating of HPS?

HPS`s Overall Dividend Rating is 62.53%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-02-03 04:23