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

John Hancock Financial Opportunities Fund (NYSE:BTO) announced a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.65 per share by the financial services provider on Monday, March 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 7.62%. The ex-dividend date of this dividend is Thursday, March 13th.

John Hancock Financial Opportunities Fund has increased its dividend by an average of 5.7% annually over the last three years.

John Hancock Financial Opportunities Fund Price Performance

NYSE:BTO traded down $0.89 during trading hours on Tuesday, reaching $34.11. The company’s stock had a trading volume of 62,015 shares, compared to its average volume of 47,766. The firm has a 50-day simple moving average of $36.33 and a 200-day simple moving average of $35.33. John Hancock Financial Opportunities Fund has a 1 year low of $26.11 and a 1 year high of $39.87.

About John Hancock Financial Opportunities Fund

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.