John Hancock Financial Opportunities Fund (BTO)
Financial Services · NYQ
Fundamentals
Valuation and ratings
John Hancock Financial Opportunities Fund trades at USD40.28, close to the USD36.04 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 64 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 11.4 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
BTO dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD1.30 | 2 |
| 2025 | USD2.60 | 4 |
| 2024 | USD2.60 | 4 |
| 2023 | USD2.60 | 4 |
| 2022 | USD2.50 | 4 |
| 2021 | USD2.20 | 4 |
| 2020 | USD2.20 | 4 |
| 2019 | USD2.20 | 4 |
| 2018 | USD1.66 | 4 |
| 2017 | USD1.48 | 4 |
| 2016 | USD1.48 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
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. The fund invests in companies across all market capitalizations. It benchmarks the performance of its portfolio against the S&P Composite 1500 Banks Index. The fund was formerly known as John Hancock Bank and Thrift Opportunity Fund. John Hancock Financial Opportunities Fund was formed on August 23, 1994 and is domiciled in the United States.
BTO passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is John Hancock Financial Opportunities Fund (BTO) undervalued?
Against our discounted cash flow estimate of USD36.04, BTO at USD40.28 is 11% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is BTO's P/E ratio?
BTO trades at 11.4 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does John Hancock Financial Opportunities Fund (BTO) pay a dividend?
Yes. John Hancock Financial Opportunities Fund yields 6.39% at the current share price. It has paid USD2.60 per share over the trailing twelve months. It has paid a dividend in each of the last 31 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.