John Hancock Financial Opportunities Fund
BTOFinancial Services · Stock · quarterly payer
Forward Yield
6.96%
Annual Dividend
$2.60
Payout Ratio
28%
5-Yr Growth
3.4%
Ex-Date
Sep 11, 2026
Frequency
Quarterly
Summary
As of September 2026, John Hancock Financial Opportunities Fund (BTO) yields 6.96% ($2.60 per share annually), with a blended fair-value estimate of $33.33 — -11% downside, so it screens as fairly valued. Dividend safety grade: A (90/100).
Is BTO a good dividend stock?
YesJohn Hancock Financial Opportunities Fund (BTO) pays a quarterly dividend yielding 6.96% ($2.60/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (28%)
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.96%
- Payout Ratio
- 28%
- Annual Dividend
- $2.60
- 5-Yr Avg Growth
- 3.4%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.93
- Market Cap
- $741.0M
- P/E Ratio
- 4.0
- 5-Yr Total Return
- -15%
- 52-Week Range
- $32.01 – $42.00
- Dividend Safety
- A · 90/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
BTO Price — Last 12 Months
Daily close
Price Return
1 Year
+11%
3 Years
+57%
5 Years
-15%
52-Week Range
$32.01 – $42.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BTO worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for John Hancock Financial Opportunities Fund is $33.33 per share, versus a market price of $37.36. That implies the stock is roughly fairly priced.
Fair Value
$33.33
Current Price
$37.36
Gap
-11%
Margin of Safety
-12%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 16.6% annual free-cash-flow growth. We model 6.7% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.0% discount rate (CAPM), 6.7% stage-1 growth, 2.5% terminal growth, $9.29 EPS, $2.60 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BTO Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 11, 2026 | — | $0.6500 | regular |
| Jun 11, 2026 | — | $0.6500 | regular |
| Mar 12, 2026 | — | $0.6500 | regular |
| Dec 11, 2025 | — | $0.6500 | regular |
| Sep 12, 2025 | — | $0.6500 | regular |
| Jun 12, 2025 | — | $0.6500 | regular |
| Mar 13, 2025 | — | $0.6500 | regular |
| Dec 12, 2024 | — | $0.6500 | regular |
| Sep 13, 2024 | — | $0.6500 | regular |
| Jun 13, 2024 | — | $0.6500 | regular |
| Mar 8, 2024 | — | $0.6500 | regular |
| Dec 8, 2023 | — | $0.6500 | regular |
| Sep 8, 2023 | — | $0.6500 | regular |
| Jun 9, 2023 | — | $0.6500 | regular |
Income Calculator
At $2.60 / yr per share
