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HPS DRIP Calculator & Dividend Yield 2026
11.29% YieldFinancial ServicesJohn Hancock Preferred Income Fund III · NYSE
Price: $11.70 · Annual div: $1.32/share · Frequency: monthly · Payout ratio: N/A · Ex-div: 2026-10-13
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Annual dividend income growth
HPS Dividend Yield
HPS (John Hancock Preferred Income Fund III) has a dividend yield of 11.29%, based on an annual dividend of $1.32 per share and a price of $11.70. Over the last 12 months it paid $1.32 per share — a trailing yield of 11.29%. Dividends are paid monthly.
Yield history: over the last 12 payments, HPS's 12-month yield ranged from 8.52% to 11.93%. Full HPS dividend history ↓
More monthly dividend stocks →More high-yield dividend stocks →
HPS DRIP Rate: How Many Shares Your Dividends Buy
With dividends reinvested, a HPS position grows its share count by about 11.29% in the first year at today's price and yield. If the yield stays near 11.29%, DRIP doubles your number of shares in about 7 years without adding new money.
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🎯 When HPS pays your bills
Year your monthly dividend income covers each expense (based on current settings)
HPS Dividend History — Last 80 Payments
| Ex-Dividend Date | Payment Date | Amount / Share | TTM Yield | Stock Price |
|---|---|---|---|---|
| 2026-10-13Latest | 2026-10-30 | $0.1100 | 11.93% | $11.99 |
| 2026-09-11 | 2026-09-30 | $0.1100 | 10.37% | $13.79 |
| 2026-08-13 | 2026-08-31 | $0.1100 | 9.26% | $14.25 |
| 2026-07-13 | 2026-07-31 | $0.1100 | 9.10% | $14.51 |
| 2026-06-11 | 2026-06-30 | $0.1100 | 9.83% | $14.55 |
| 2026-05-11 | 2026-05-29 | $0.1100 | 9.64% | $14.83 |
| 2026-04-13 | 2026-04-30 | $0.1100 | 9.15% | $14.43 |
| 2026-03-12 | 2026-03-31 | $0.1100 | 9.65% | $14.82 |
| 2026-02-12 | 2026-02-27 | $0.1100 | 9.81% | $14.58 |
| 2026-01-12 | 2026-01-30 | $0.1100 | 9.84% | $14.53 |
| 2025-12-11 | 2025-12-31 | $0.1100 | 9.64% | $14.84 |
| 2025-11-13 | 2025-11-28 | $0.1100 | 8.52% | $15.49 |
| 2025-10-14 | 2025-10-31 | $0.1100 | 8.48% | $15.57 |
| 2025-09-12 | 2025-09-30 | $0.1100 | 9.65% | $14.82 |
| 2025-08-11 | 2025-08-29 | $0.1100 | 9.91% | $14.43 |
| 2025-07-11 | 2025-07-31 | $0.1100 | 9.24% | $14.29 |
| 2025-06-12 | 2025-06-30 | $0.1100 | 10.09% | $14.17 |
| 2025-05-12 | 2025-05-30 | $0.1100 | 9.23% | $14.30 |
| 2025-04-11 | 2025-04-30 | $0.1100 | 8.79% | $15.01 |
| 2025-03-13 | 2025-03-31 | $0.1100 | 8.61% | $15.33 |
| 2025-02-13 | 2025-02-28 | $0.1100 | 8.79% | $15.01 |
| 2025-01-13 | 2025-01-31 | $0.1100 | 8.74% | $15.11 |
| 2024-12-12 | 2024-12-31 | $0.1100 | 8.42% | $15.67 |
| 2024-11-12 | 2024-11-29 | $0.1100 | 8.35% | $15.81 |
| 2024-10-11 | 2024-10-31 | $0.1100 | 7.67% | $17.20 |
| 2024-09-13 | 2024-09-30 | $0.1100 | 8.07% | $16.35 |
| 2024-08-12 | 2024-08-30 | $0.1100 | 8.18% | $16.14 |
| 2024-07-11 | 2024-07-31 | $0.1100 | 8.38% | $15.75 |
| 2024-06-13 | 2024-06-28 | $0.1100 | 8.42% | $15.67 |
| 2024-05-10 | 2024-05-31 | $0.1100 | 8.70% | $15.18 |
| 2024-04-10 | 2024-04-30 | $0.1100 | 9.27% | $15.42 |
| 2024-03-08 | 2024-03-28 | $0.1100 | 9.48% | $15.09 |
| 2024-02-09 | 2024-02-29 | $0.1100 | 9.62% | $14.87 |
| 2024-01-11 | 2024-01-31 | $0.1100 | 10.02% | $14.27 |
| 2023-12-08 | 2023-12-29 | $0.1100 | 10.66% | $13.42 |
| 2023-11-10 | 2023-11-30 | $0.1100 | 10.63% | $12.42 |
| 2023-10-11 | 2023-10-31 | $0.1100 | 10.86% | $13.17 |
| 2023-09-08 | 2023-09-29 | $0.1100 | 10.19% | $14.04 |
| 2023-08-10 | 2023-08-31 | $0.1100 | 9.30% | $14.20 |
| 2023-07-12 | 2023-07-31 | $0.1100 | 9.40% | $14.05 |
| 2023-06-09 | 2023-06-30 | $0.1100 | 10.35% | $13.82 |
| 2023-05-10 | 2023-05-31 | $0.1100 | 9.89% | $14.46 |
| 2023-04-12 | 2023-04-28 | $0.1100 | 9.21% | $14.34 |
| 2023-03-10 | 2023-03-31 | $0.1100 | 8.82% | $14.96 |
| 2023-02-10 | 2023-02-28 | $0.1100 | 8.39% | $15.74 |
| 2023-01-12 | 2023-01-31 | $0.1100 | 9.19% | $14.37 |
| 2022-12-09 | 2022-12-30 | $0.1100 | 9.45% | $15.14 |
| 2022-11-10 | 2022-11-30 | $0.1100 | 8.79% | $15.02 |
| 2022-10-12 | 2022-10-31 | $0.1100 | 8.86% | $14.90 |
| 2022-09-09 | 2022-09-30 | $0.1100 | 9.17% | $15.60 |
| 2022-08-10 | 2022-08-31 | $0.1100 | 8.26% | $17.32 |
| 2022-07-08 | 2022-07-29 | $0.1100 | 9.00% | $15.89 |
| 2022-06-10 | 2022-06-30 | $0.1100 | 7.62% | $17.32 |
| 2022-05-11 | 2022-05-31 | $0.1100 | 8.59% | $16.64 |
| 2022-04-08 | 2022-04-29 | $0.1100 | 7.98% | $17.92 |
| 2022-03-10 | 2022-03-31 | $0.1100 | 7.59% | $17.38 |
| 2022-02-10 | 2022-02-28 | $0.1100 | 7.46% | $17.70 |
| 2022-01-12 | 2022-01-31 | $0.1100 | 7.63% | $18.73 |
| 2021-12-10 | 2021-12-31 | $0.1100 | 7.10% | $18.58 |
| 2021-11-10 | 2021-11-30 | $0.1100 | 6.65% | $19.85 |
| 2021-10-08 | 2021-10-29 | $0.1100 | 7.59% | $18.83 |
| 2021-09-10 | 2021-09-30 | $0.1100 | 6.79% | $19.43 |
| 2021-08-11 | 2021-08-31 | $0.1100 | 7.37% | $19.41 |
| 2021-07-09 | 2021-07-30 | $0.1100 | 7.48% | $19.12 |
| 2021-06-10 | 2021-06-30 | $0.1100 | 6.96% | $18.96 |
| 2021-05-12 | 2021-05-28 | $0.1100 | 7.09% | $18.63 |
| 2021-04-09 | 2021-04-30 | $0.1100 | 7.19% | $18.36 |
| 2021-03-10 | 2021-03-31 | $0.1100 | 8.48% | $16.86 |
| 2021-02-10 | 2021-02-26 | $0.1100 | 7.89% | $16.74 |
| 2021-01-13 | 2021-01-29 | $0.1100 | 7.07% | $17.11 |
| 2020-12-10 | 2020-12-31 | $0.1100 | — | — |
| 2020-11-10 | 2020-11-30 | $0.1100 | — | — |
| 2020-10-09 | 2020-10-30 | $0.1100 | — | — |
| 2020-09-10 | 2020-09-30 | $0.1100 | — | — |
| 2020-08-12 | 2020-08-31 | $0.1100 | — | — |
| 2020-07-10 | 2020-07-31 | $0.1100 | — | — |
| 2020-06-10 | 2020-06-30 | $0.1100 | — | — |
| 2020-05-08 | 2020-05-29 | $0.1100 | — | — |
| 2020-04-09 | 2020-04-30 | $0.1100 | — | — |
| 2020-03-11 | 2020-03-31 | $0.1100 | — | — |
About John Hancock Preferred Income Fund III (HPS) — Dividend Analysis 2026
The John Hancock Preferred Income Fund III (HPS) functions as a closed-end investment vehicle, primarily focused on fixed-income securities. Its overall management falls under John Hancock Investment Management LLC, with additional co-management provided by John Hancock Asset Management. The fund strategically allocates capital within the United States' fixed-income markets, aiming to acquire debt instruments from companies operating across a diverse array of sectors. A significant portion of its portfolio is dedicated to preferred securities and other fixed-income instruments that possess an investment-grade credit rating or higher from either Moody's or Standard & Poor's. To assess its performance, the fund measures itself against both the Bank of America Merrill Lynch Hybrid Preferred Securities Index and the Barclays U.S. Aggregate Bond Index. This U.S.-domiciled fund was originally established on June 19, 2003.
HPS Dividend & DRIP — Frequently Asked Questions
What is HPS's dividend yield?
HPS (John Hancock Preferred Income Fund III) has a dividend yield of 11.29%, based on an annual dividend of $1.32 per share and a price of $11.70. Over the last 12 months it paid $1.32 per share — a trailing yield of 11.29%. Dividends are paid monthly.
How much does $10,000 in HPS pay in dividends?
$10,000 in HPS at a 11.29% yield pays about $1,129 a year ($94 a month) before taxes. With DRIP, reinvested dividends buy more shares and that income compounds.
What is the DRIP rate for HPS?
With dividends reinvested, a HPS position grows its share count by about 11.29% in the first year at today's price and yield. If the yield stays near 11.29%, DRIP doubles your number of shares in about 7 years without adding new money.
How do I calculate HPS dividend reinvestment (DRIP) returns?
Enter your starting amount, monthly contribution and time horizon in the HPS DRIP calculator at the top of this page. It reinvests each payout into new shares at the projected price, grows the dividend at the rate you choose and shows yearly income, share count, portfolio value and yield on cost. You can switch DRIP off to compare.
When is HPS's next ex-dividend date?
HPS's next ex-dividend date has not been announced yet; the most recent one was 2026-10-13. HPS pays dividends monthly. Buy before the ex-dividend date to receive the next payment.
What is HPS's dividend growth rate?
HPS's dividend changed 0.0% over the last year and 0.0% a year on average over five years.
Similar dividend stocks to HPS
Forward dividend yield from the latest data · open any DRIP calculator
This calculation uses the DividendFlow Engine v6.0. Data is verified daily against SEC filings and FMP real-time feeds to ensure projection accuracy.
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🌍 HPS Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold HPS.
| Account/Country | Tax Rate | After-tax Yield | Real Yield | $10K Annual Income |
|---|---|---|---|---|
| 🇺🇸 Roth IRA / 401k | 0% | 11.29% | 8.49% | $1,129 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 9.60% | 6.80% | $960 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 9.03% | 6.23% | $903 / yr |
| 🇬🇧 UK ISA | 0% | 11.29% | 8.49% | $1,129 / yr |
| 🇬🇧 UK Taxable | 8.75% | 10.30% | 7.50% | $1,030 / yr |
| 🇨🇦 TFSA | 0% | 11.29% | 8.49% | $1,129 / yr |
| 🇨🇦 CA Taxable | 25% | 8.47% | 5.67% | $847 / yr |
| 🇦🇺 Super (pension) | 15% | 9.60% | 6.80% | $960 / yr |
| 🇦🇺 AU Taxable | 30% | 7.90% | 5.10% | $790 / yr |
| 🇩🇪 DE Taxable | 26.375% | 8.31% | 5.51% | $831 / yr |
| 🇫🇷 FR Taxable | 30% | 7.90% | 5.10% | $790 / yr |
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 HPS Income Goal & Break-Even
12-month CPI (US BLS via FMP economic-indicators).
Based on current dividend of $1.32/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 HPS Dividend Payment Schedule
HPS pays every month — 12 payments per year.
📊 HPS vs Financial Services Benchmarks
How HPS compares to typical Financial Services averages.
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for HPS sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ HPS Insider Activity
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
| Insider | Title | Type | Date | Shares | Price | Total Value |
|---|---|---|---|---|---|---|
| Buy | 2026-05-06 | 0.902 | $14.84 | $13.00 | ||
| Buy | 2026-05-06 | 791 | $14.83 | $11.7K | ||
| Buy | 2026-05-06 | 17 | $14.83 | $252.00 | ||
| Buy | 2026-01-26 | 682.662 | $14.65 | $10.0K | ||
| Buy | 2025-04-08 | 794 | $13.79 | $10.9K | ||
| Buy | 2025-01-14 | 706 | $14.25 | $10.1K | ||
| Buy | 2024-12-23 | 740 | $15.26 | $11.3K |
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
Peer Group
Similar companies in the same sectorCompare HPS with peers: HPS vs BLE · HPS vs BLW · HPS vs DFP
Financial Health Scores
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the HPS dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →
John Hancock Preferred Income Fund III (HPS) is currently trading at $11.70, trading near its 52-week low. The current dividend yield is 11.29% based on an annual payout of $1.32 per share.
HPS (John Hancock Preferred Income Fund III) — 11.29% Dividend Yield Analysis
John Hancock Preferred Income Fund III (HPS) is a financial services stock currently trading at $11.70 with a dividend yield of 11.29%. It pays an annual dividend of $1.32 per share.
- Above-average yield (11.29%) may signal elevated risk — verify sustainability.
Auto-generated from live market data. For educational purposes only — not financial advice.
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LiveHow investors use the HPS dividend calculator
Illustrative examples of common use cases, written by the DividendFlow team — not customer reviews.