John Hancock Financial Opprts Fund (BTO) Announces Dividend Increase – $0.55 Per Share
John Hancock Financial Opprts Fund (NYSE:BTO) declared a quarterly dividend on Friday, September 14th, Wall Street Journal reports. Stockholders of record on Thursday, December 13th will be paid a dividend of 0.55 per share by the financial services provider on Monday, December 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date is Wednesday, December 12th. This is an increase from John Hancock Financial Opprts Fund’s previous quarterly dividend of $0.37.
John Hancock Financial Opprts Fund has raised its dividend payment by an average of 7.7% per year over the last three years.
Shares of NYSE BTO opened at $34.11 on Friday. John Hancock Financial Opprts Fund has a 1-year low of $32.03 and a 1-year high of $41.00.
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John Hancock Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by John Hancock Advisers, LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets across the globe. It seeks to invest in the stocks of companies operating across the financial services sector.
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