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John Hancock Preferred Income Fund II

HPFFinancial ServicesNASDAQ

Asset Management · Last scanned Jun 1, 2026

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Financials · Annual
Revenue
$50.0M
+304.0% YoY
Net Income
$49.5M
+298.4% YoY
Free Cash Flow
$17.5M

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About John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund II is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. Valued at $350.3M, HPF is a small-cap name in its sector. It is co-managed by John Hancock Asset Management.

Key stats
Market Cap$350.3M
P/E (TTM)12.45
EPS$1.30
Beta0.66
52W Change+3.5%
Dividend Yield9.16%
ROE8.1%
Analysis

John Hancock Preferred Income Fund II carries $206.7M in total debt, a figure that investors should evaluate relative to the company's earnings power. Annual free cash flow of $17.5M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 8.1%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.8% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $84.1M to $50.0M.

The relatively low beta of 0.66 suggests HPF is a less volatile holding compared to the broader index. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for John Hancock Preferred Income Fund II and its sector.

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