On June 1, 2023, John Hancock Financial Opportunities Fund declared a $0.65 per share dividend, which brings the annualized dividend to $2.60. This is the same as the previous quarter. To be eligible for the dividend, shares must be purchased before June 9, 2023, and shareholders of record as of June 12, 2023 will receive the payment on June 30, 2023.
The current dividend yield of the stock is 9.85%, based on the current share price of $26.39 per share. The average dividend yield over the last five years has been 7.20%, with the lowest yield being 3.77% and the highest yield being 17.81%. The standard deviation of yields is 2.00 (n=196). The current dividend yield is 1.32 standard deviations above the historical average.
The 3-Year dividend growth rate for John Hancock Financial Opportunities Fund is 0.18%, indicating that the company has increased its dividend consistently over time.
If you’re interested in learning how to harvest dividends, you can easily do so using Fintel’s Dividend Capture Calendar.
Currently, 69 funds or institutions are reporting positions in John Hancock Financial Opportunities Fund, which represents an increase of 6 owner(s) or 9.52% in the last quarter. The average portfolio weight of all funds dedicated to BTO is 0.03%, which is a decrease of 22.00%. Total shares owned by institutions have increased in the last three months by 2.24% to 3,982K shares.
Several companies have increased their holdings in John Hancock Financial Opportunities Fund over the last quarter, including Wells Fargo, Raymond James Financial Services Advisors, and Janney Montgomery Scott. On the other hand, Bank of America has decreased its portfolio allocation in BTO by 80.40% over the last quarter.
John Hancock Financial Opportunities Fund specializes in investing at least 80% of its assets in equity securities of U.S. and foreign financial services companies, focusing on capital appreciation and current income.
This story originally appeared on Fintel’s website.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
