John Hancock Income Securities Trust Cuts Quarterly Distribution To $0.1377, 4.76% Yield
John Hancock Income Securities Trust declared a $0.1377 per share quarterly distribution on March 2, 2026, down $0.0454 from the prior payout and reflecting a 4.76% yield on its $11.56 market price. Shares trade ex-dividend and record on March 12, payable March 31 under its managed BTO Plan.
1. Distribution Details
On March 2, 2026, John Hancock Income Securities Trust declared a quarterly distribution of $0.1377 per share, down $0.0454 from the previous quarter under its managed BTO Plan. As of February 27, the fund’s shares traded at $11.56, reflecting a 4.76% annualized yield.
2. Funding Mechanism Under BTO Plan
The fund’s fixed distribution is funded through net investment income, realized long-term and short-term capital gains, or return of capital if necessary. The BTO Plan aims to utilize long-term gains where distributions exceed net investment income to enhance tax efficiency.
3. Key Dates and Tax Considerations
Shares will trade ex-dividend and record on March 12, with payment scheduled for March 31. Investors will receive an estimated breakdown of distribution components and a Form 1099-DIV after year-end, with final tax classification subject to adjustment.