John Hancock Financial Opportunities Fund
BTOFinancial Services · Asset Management · Stock · quarterly payer
Forward Yield
7.18%
Annual Dividend
$2.60
Payout Ratio
28%
5-Yr Growth
3.4%
Ex-Date
Sep 11, 2026
Frequency
Quarterly
Key facts about BTO's dividend
Data as of · Source: SmarterDividends data
- As of Oct 15, 2026, John Hancock Financial Opportunities Fund (BTO) has a forward dividend yield of 7.18%, based on an annual dividend of $2.60 per share and a share price of $35.59.
- As of Oct 15, 2026, BTO's dividend safety grade from SmarterDividends is A (90 out of 100), which rates the dividend as very safe.
- BTO last cut its regular dividend in 2009.
- BTO's most recent ex-dividend date was Sep 11, 2026, for a dividend of $0.65 per share.
- As of Oct 15, 2026, BTO pays out 28% of its trailing 12-month earnings as dividends (its payout ratio).
- BTO's dividend has grown at an average rate of 3.4% a year over the past five years.
- As of Oct 15, 2026, SmarterDividends' blended fair-value estimate for BTO is $51.35 per share, 44% above the $35.59 share price, so BTO screens as undervalued.
- John Hancock Financial Opportunities Fund (BTO) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "BTO Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 15, 2026, https://smarterdividends.com/stocks/BTO
Summary
As of Oct 15, 2026, John Hancock Financial Opportunities Fund (BTO) yields 7.18% ($2.60 a year per share) and has a dividend safety grade of A (90/100).
Is BTO a good dividend stock?
YesJohn Hancock Financial Opportunities Fund (BTO) pays a quarterly dividend yielding 7.18% ($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
- 7.18%
- 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
- 0.95
- Market Cap
- $705.9M
- P/E Ratio
- 3.9
- 5-Yr Total Return
- -17%
- 52-Week Range
- $32.01 – $42.00
- Dividend Safety
- A · 90/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
Is BTO a good dividend stock?
Yes. John Hancock Financial Opportunities Fund (BTO) pays a quarterly dividend yielding 7.18% ($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.
Is BTO undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BTO's fair value is about $51.35 versus a $35.59 share price — so it looks undervalued (+44% vs. fair value).
Is BTO's dividend safe?
BTO has a dividend-safety grade of A (90/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2009, debt and yield-versus-history.
What is BTO's fair value?
Our blended fair-value estimate for BTO is about $51.35 per share, roughly 44% above the current $35.59 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is BTO a buy, hold, or sell?
We don't issue formal ratings, but on the data BTO screens as "yes" and undervalued. John Hancock Financial Opportunities Fund (BTO) pays a quarterly dividend yielding 7.18% ($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. This is research for your own analysis, not investment advice.
Will BTO cut its dividend?
BTO earns a dividend-safety grade of A (90/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does BTO pay a dividend?
Yes. John Hancock Financial Opportunities Fund pays a quarterly dividend of about $2.60 per share annually, a forward yield of roughly 7.18%.
What is BTO's dividend yield?
As of Oct 15, 2026, BTO's forward dividend yield is 7.18%, based on a $2.60 annual dividend and a $35.59 share price.
What is BTO's dividend per share?
As of Oct 15, 2026, BTO pays $2.60 per share per year, distributed on a quarterly basis.
What is BTO's dividend payout ratio?
As of Oct 15, 2026, BTO's payout ratio is 28% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has BTO grown its dividend?
BTO does not currently have a long dividend-growth streak on record.
When is the next BTO ex-dividend date?
As of Oct 15, 2026, BTO's next ex-dividend date hasn't been announced. The most recent was Sep 11, 2026, for $0.65 per share.
BTO Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+53%
5 Years
-17%
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?
Undervaluedlow confidenceOur blended fair-value estimate for John Hancock Financial Opportunities Fund is $51.35 per share, versus a market price of $35.59. That implies 44% of upside — a margin of safety of about 31%.
Fair Value
$51.35
Current Price
$35.59
Upside
+44%
Margin of Safety
31%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.1% discount rate (CAPM), 6.7% growth for five years fading to 2.5% over the next five, $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
Full BTO dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 11, 2026 | Sep 30, 2026 | $0.6500 | regular |
| Jun 11, 2026 | Jun 30, 2026 | $0.6500 | regular |
| Mar 12, 2026 | Mar 31, 2026 | $0.6500 | regular |
| Dec 11, 2025 | Dec 31, 2025 | $0.6500 | regular |
| Sep 12, 2025 | Sep 30, 2025 | $0.6500 | regular |
| Jun 12, 2025 | Jun 30, 2025 | $0.6500 | regular |
| Mar 13, 2025 | Mar 31, 2025 | $0.6500 | regular |
| Dec 12, 2024 | Dec 31, 2024 | $0.6500 | regular |
| Sep 13, 2024 | Sep 30, 2024 | $0.6500 | regular |
| Jun 13, 2024 | Jun 28, 2024 | $0.6500 | regular |
| Mar 8, 2024 | Mar 28, 2024 | $0.6500 | regular |
| Dec 8, 2023 | Dec 29, 2023 | $0.6500 | regular |
| Sep 8, 2023 | Sep 29, 2023 | $0.6500 | regular |
| Jun 9, 2023 | Jun 30, 2023 | $0.6500 | regular |
Income Calculator
At $2.60 / yr per share
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