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 Tuesday, March 4th, Wall Street Journal reports. Investors of record on Thursday, March 13th will be given 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 yield of 7.62%. The ex-dividend date is Thursday, March 13th.

John Hancock Financial Opportunities Fund has raised its dividend payment by an average of 5.7% per year over the last three years.

John Hancock Financial Opportunities Fund Stock Down 2.5 %

NYSE:BTO traded down $0.89 during mid-day trading on Tuesday, reaching $34.11. 62,015 shares of the company were exchanged, compared to its average volume of 47,766. John Hancock Financial Opportunities Fund has a 12 month low of $26.11 and a 12 month high of $39.87. The company has a fifty day moving average of $36.33 and a 200 day moving average of $35.33.

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.