John Hancock Financial Opportunities Fund Declares $0.65 Distribution for 7.29% Yield
John Hancock Financial Opportunities Fund declared a $0.65 per share quarterly distribution payable March 31 to shareholders of record March 12, yielding an annualized 7.29% based on the $35.66 market price on February 27. Distributions may consist of income, realized gains or return of capital.
1. Distribution Details
On March 2, the Financial Opportunities Fund declared a quarterly distribution of $0.6500 per share to holders of record as of March 12, with payment scheduled for March 31, in line with its regular distribution timetable.
2. Managed Plan Provisions
Under the fund’s managed distribution plan, payouts may be funded through net investment income, net realized long-term or short-term capital gains, and, if necessary, return of capital; the board retains the right to amend or terminate the plan at any time.
3. Yield Metrics
Based on the $35.66 market price on February 27, the $0.65 quarterly distribution translates to a 7.29% annualized distribution rate, reflecting the fund’s current income-focused strategy.