John Hancock Preferred Income Fund remains rated as a hold due to premium valuation and suppressed earnings in a high-rate environment. HPI offers an 8.5% dividend yield but relies heavily on leverage ...
The HPI fund provides exposure to preferred stocks and corporate bonds. The fund pays an attractive 8.5% distribution yield. However, looking at HPI's long-term performance, I am concerned with its ...
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Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Pete Rathburn is a copy editor and fact ...
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