JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE RENEWAL OF SHARE REPURCHASE PLANS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2024
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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.
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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: 24.710
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Current: 24.710
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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.
John Hancock Fund Declares $0.1580 Monthly Dividend Per Share
- Dividend Declaration: The John Hancock Tax-Advantaged Dividend Income Fund has declared a monthly dividend of $0.1580 per share for all shareholders of record as of January 12, 2026, reflecting the fund's stable distribution capability and enhancing investor confidence.
- Sources of Distribution: The distribution is sourced from net investment income ($0.0385, 24% of the distribution), short-term capital gains ($0.0003, 0.2%), long-term capital gains ($0.0015, 1%), and return of capital ($0.1178, 74%), indicating a diversified income structure that aids in risk management.
- Annual Return Rate: As of December 31, 2025, the fund's annualized current distribution rate stands at 7.45%, with a five-year average total return of 10.19%, showcasing robust long-term performance that attracts investors seeking stable income.
- Management Plan: The fund commits to fixed monthly distributions under its managed distribution plan until further notice, providing transparency and predictability that enhance investor trust and satisfaction.
See More
John Hancock Declares Monthly Distributions, HPF at $0.1235 per Share
- Distribution Announcement: On January 2, 2026, John Hancock announced monthly distributions for several closed-end funds, with HPF declaring a distribution of $0.1235 per share, reflecting a decrease from previous distributions due to market volatility impacting earnings.
- Distribution Plans: Both HPF and HTD funds are distributing according to their managed distribution plans, with HPF's distributions continuing until further notice, ensuring investors receive stable cash flow in an uncertain market environment.
- Market Pricing: As of December 31, 2025, HPF's market price was $16.07, with an annualized current distribution rate of 9.22%, indicating the fund's attractiveness in the current interest rate environment.
- Investor Notifications: The fund will send out Form 1099-DIV to investors to assist them in understanding the tax implications of distributions, ensuring transparency and enhancing investor confidence.
See More
John Hancock Funds Renew Share Repurchase Plans to Enhance Shareholder Value
- Shareholder Value Enhancement: The Board of Trustees of John Hancock Funds has approved the renewal of share repurchase plans, allowing for the buyback of up to 10% of outstanding shares in 2026 to reduce the discount between market price and net asset value (NAV), thereby enhancing shareholder value.
- Repurchase Plan Details: The plan permits each Fund to repurchase shares in the open market from January 1, 2026, to December 31, 2026, with the Board periodically reviewing and potentially adjusting the terms and size of the plan to ensure its effectiveness.
- Liquidity Improvement: By repurchasing common shares at a discount to NAV, the Funds can not only realize incremental accretion to their NAV but also provide additional liquidity for existing shareholders, enhancing market trading activity.
- HEQ Repurchase Performance: As of December 11, 2025, HEQ has repurchased 34,900 shares, representing 0.29% of outstanding shares, contributing approximately $0.004 to its NAV, demonstrating the Fund's proactive execution of its buyback strategy.
See More
John Hancock Funds Renew 10% Share Repurchase Plans to Enhance Shareholder Value
- Share Repurchase Plans: The Board of Trustees of John Hancock Funds has approved the renewal of share repurchase plans, allowing each Fund to repurchase up to 10% of its outstanding shares in 2026, aimed at enhancing shareholder value and reducing the discount between market price and net asset value.
- Liquidity Enhancement: By repurchasing shares in the market at a discount to NAV, the Funds are expected to realize incremental accretion to their NAV, thereby providing additional liquidity and potential benefits to existing shareholders.
- Year-to-Date Repurchase Progress: As of December 11, 2025, the HEQ Fund has repurchased 34,900 shares, representing 0.29% of outstanding shares, contributing approximately $0.004 to its NAV, indicating a proactive repurchase strategy.
- Strategic Review: The Board will periodically review the terms and size of the repurchase plans to ensure flexibility in adapting to market conditions, thereby continuously optimizing shareholder returns and Fund performance.
See More
John Hancock Declares Monthly Distributions, HPF at $0.1235 per Share
- Distribution Announcement: On December 1, 2025, John Hancock announced monthly distributions for its closed-end funds, with HPF declaring a distribution of $0.1235 per share, reflecting a decrease from previous distributions due to market price fluctuations impacting the distribution policy.
- Distribution Plans: Both HPF and HTD funds will continue their distributions under their respective managed distribution plans until further notice, ensuring investors receive stable income amidst uncertain market conditions.
- Market Response: As of November 28, 2025, HPF's market price stood at $16.43, with an annualized current distribution rate of 9.02%, indicating sustained investor interest and confidence in the fund.
- Investor Notifications: The components of the distributions will be communicated to investors via Form 1099-DIV, ensuring accurate reporting of distribution income for tax purposes, reflecting the company's commitment to transparency and compliance.
See More
John Hancock Tax-Advantaged Dividend Income Fund announces $0.158 dividend payout
Dividend Declaration: John Hancock Tax-Advantaged Dividend Income Fund (HTD) has declared a monthly dividend of $0.158 per share, with a forward yield of 7.72%.
Payment Details: The dividend is payable on December 31 to shareholders of record as of December 11, with an ex-dividend date also set for December 11.
Investment Appeal: HTD is highlighted as a reliable income payer for conservative investors, offering significant utilities exposure and a high after-tax total return.
Performance Insights: The fund is noted for its consistent yield of around 7%, with insights drawn from past market shocks, and is currently available at a discount.
See More
John Hancock Fund Declares $0.1580 Monthly Dividend Per Share
- Dividend Declaration: The John Hancock Tax-Advantaged Dividend Income Fund has declared a monthly dividend of $0.1580 per share for all shareholders of record as of January 12, 2026, reflecting the fund's stable distribution capability and enhancing investor confidence.
- Sources of Distribution: The distribution is sourced from net investment income ($0.0385, 24% of the distribution), short-term capital gains ($0.0003, 0.2%), long-term capital gains ($0.0015, 1%), and return of capital ($0.1178, 74%), indicating a diversified income structure that aids in risk management.
- Annual Return Rate: As of December 31, 2025, the fund's annualized current distribution rate stands at 7.45%, with a five-year average total return of 10.19%, showcasing robust long-term performance that attracts investors seeking stable income.
- Management Plan: The fund commits to fixed monthly distributions under its managed distribution plan until further notice, providing transparency and predictability that enhance investor trust and satisfaction.
See More
John Hancock Declares Monthly Distributions, HPF at $0.1235 per Share
- Distribution Announcement: On January 2, 2026, John Hancock announced monthly distributions for several closed-end funds, with HPF declaring a distribution of $0.1235 per share, reflecting a decrease from previous distributions due to market volatility impacting earnings.
- Distribution Plans: Both HPF and HTD funds are distributing according to their managed distribution plans, with HPF's distributions continuing until further notice, ensuring investors receive stable cash flow in an uncertain market environment.
- Market Pricing: As of December 31, 2025, HPF's market price was $16.07, with an annualized current distribution rate of 9.22%, indicating the fund's attractiveness in the current interest rate environment.
- Investor Notifications: The fund will send out Form 1099-DIV to investors to assist them in understanding the tax implications of distributions, ensuring transparency and enhancing investor confidence.
See More
John Hancock Funds Renew Share Repurchase Plans to Enhance Shareholder Value
- Shareholder Value Enhancement: The Board of Trustees of John Hancock Funds has approved the renewal of share repurchase plans, allowing for the buyback of up to 10% of outstanding shares in 2026 to reduce the discount between market price and net asset value (NAV), thereby enhancing shareholder value.
- Repurchase Plan Details: The plan permits each Fund to repurchase shares in the open market from January 1, 2026, to December 31, 2026, with the Board periodically reviewing and potentially adjusting the terms and size of the plan to ensure its effectiveness.
- Liquidity Improvement: By repurchasing common shares at a discount to NAV, the Funds can not only realize incremental accretion to their NAV but also provide additional liquidity for existing shareholders, enhancing market trading activity.
- HEQ Repurchase Performance: As of December 11, 2025, HEQ has repurchased 34,900 shares, representing 0.29% of outstanding shares, contributing approximately $0.004 to its NAV, demonstrating the Fund's proactive execution of its buyback strategy.
See More
John Hancock Funds Renew 10% Share Repurchase Plans to Enhance Shareholder Value
- Share Repurchase Plans: The Board of Trustees of John Hancock Funds has approved the renewal of share repurchase plans, allowing each Fund to repurchase up to 10% of its outstanding shares in 2026, aimed at enhancing shareholder value and reducing the discount between market price and net asset value.
- Liquidity Enhancement: By repurchasing shares in the market at a discount to NAV, the Funds are expected to realize incremental accretion to their NAV, thereby providing additional liquidity and potential benefits to existing shareholders.
- Year-to-Date Repurchase Progress: As of December 11, 2025, the HEQ Fund has repurchased 34,900 shares, representing 0.29% of outstanding shares, contributing approximately $0.004 to its NAV, indicating a proactive repurchase strategy.
- Strategic Review: The Board will periodically review the terms and size of the repurchase plans to ensure flexibility in adapting to market conditions, thereby continuously optimizing shareholder returns and Fund performance.
See More
John Hancock Declares Monthly Distributions, HPF at $0.1235 per Share
- Distribution Announcement: On December 1, 2025, John Hancock announced monthly distributions for its closed-end funds, with HPF declaring a distribution of $0.1235 per share, reflecting a decrease from previous distributions due to market price fluctuations impacting the distribution policy.
- Distribution Plans: Both HPF and HTD funds will continue their distributions under their respective managed distribution plans until further notice, ensuring investors receive stable income amidst uncertain market conditions.
- Market Response: As of November 28, 2025, HPF's market price stood at $16.43, with an annualized current distribution rate of 9.02%, indicating sustained investor interest and confidence in the fund.
- Investor Notifications: The components of the distributions will be communicated to investors via Form 1099-DIV, ensuring accurate reporting of distribution income for tax purposes, reflecting the company's commitment to transparency and compliance.
See More
John Hancock Tax-Advantaged Dividend Income Fund announces $0.158 dividend payout
Dividend Declaration: John Hancock Tax-Advantaged Dividend Income Fund (HTD) has declared a monthly dividend of $0.158 per share, with a forward yield of 7.72%.
Payment Details: The dividend is payable on December 31 to shareholders of record as of December 11, with an ex-dividend date also set for December 11.
Investment Appeal: HTD is highlighted as a reliable income payer for conservative investors, offering significant utilities exposure and a high after-tax total return.
Performance Insights: The fund is noted for its consistent yield of around 7%, with insights drawn from past market shocks, and is currently available at a discount.
See More
