JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE RENEWAL OF SHARE REPURCHASE PLANS
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Share Repurchase Plans Renewed: John Hancock Financial Opportunities Fund and five other funds have renewed their share repurchase plans to enhance shareholder value and potentially reduce the discount between market price and net asset value (NAV) of their common shares for 2025.
Current Share Repurchase Activity: As of October 31, 2024, the Hedged Equity & Income Fund has repurchased 57,490 shares, contributing approximately $0.01 to its NAV, while the other funds have not engaged in share repurchases during the same period.
Analyst Views on HTD
Wall Street analysts forecast HTD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HTD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 24.070
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Current: 24.070
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About HTD
John Hancock Tax-Advantaged Dividend Income Fund (the fund) is a closed-end management investment company. The Fund’s investment objective is to provide a high level of after-tax total return from dividend income and capital appreciation. The Fund invest at least 80% of its assets (net assets plus borrowing for investment purposes) in dividend-paying common and preferred securities that the Advisor believes at the time of acquisition are eligible to pay tax-advantaged dividends. The Fund's investment portfolio includes its investments in a range of sectors, such as oil, gas, and consumable fuels; diversified telecommunication services; electric utilities; gas utilities; multi-utilities; banks; capital markets; consumer finance; insurance; healthcare; automobiles; machinery; equity real estate investment trusts; wireless telecommunication services, consumer discretionary and others. The Fund's investment advisor is John Hancock Investment Management LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
