John Hancock Financial Opportunities Fund Declares Quarterly Dividend of $0.65 (NYSE:BTO)

Key Points

• John Hancock Financial Opportunities Fund declared a quarterly dividend of $0.65 per share, with shareholders on record as of September 12th set to receive the payout on September 30th.
• The fund's dividend yield is approximately 6.9%, highlighting its attractiveness to income-focused investors.
• Recent trading showed a 1.8% increase in the fund's stock price, with shares reaching $37.79, supported by a robust trading volume compared to its average.

John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) declared a quarterly dividend on Wednesday, September 3rd, Wall Street Journal reports. Shareholders of record on Friday, September 12th will be given a dividend of 0.65 per share by the financial services provider on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Friday, September 12th.

John Hancock Financial Opportunities Fund Stock Up 1.8%

Shares of BTO traded up $0.68 on Wednesday, hitting $37.79. The company's stock had a trading volume of 52,901 shares, compared to its average volume of 42,068. The company has a 50 day moving average price of $35.86 and a 200 day moving average price of $34.15. John Hancock Financial Opportunities Fund has a fifty-two week low of $27.73 and a fifty-two week high of $39.87.

Hedge Funds Weigh In On John Hancock Financial Opportunities Fund

Several large investors have recently made changes to their positions in BTO. Stephens Inc. AR lifted its position in John Hancock Financial Opportunities Fund by 3.2% during the 2nd quarter. Stephens Inc. AR now owns 12,889 shares of the financial services provider's stock valued at $457,000 after purchasing an additional 400 shares during the period. J.W. Cole Advisors Inc. lifted its stake in John Hancock Financial Opportunities Fund by 4.8% in the second quarter. J.W. Cole Advisors Inc. now owns 10,674 shares of the financial services provider's stock valued at $378,000 after buying an additional 491 shares during the period. Private Trust Co. NA lifted its stake in John Hancock Financial Opportunities Fund by 33.3% in the first quarter. Private Trust Co. NA now owns 2,000 shares of the financial services provider's stock valued at $68,000 after buying an additional 500 shares during the period. L.M. Kohn & Company lifted its stake in John Hancock Financial Opportunities Fund by 4.5% in the first quarter. L.M. Kohn & Company now owns 12,857 shares of the financial services provider's stock valued at $439,000 after buying an additional 550 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of John Hancock Financial Opportunities Fund by 2.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 22,951 shares of the financial services provider's stock valued at $813,000 after acquiring an additional 552 shares during the period. Institutional investors and hedge funds own 19.55% of the company's stock.

John Hancock Financial Opportunities Fund Company Profile

John Hancock Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management 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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