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Data last updated: Jun 29, 2026
Dividend Yield: 8.67%
Annual Dividend: $2.47 per share
Payout Ratio: 558.5% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2025-12-19
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 25
John Hancock Funds Disciplined Value Mid Cap Fund Class A dividend currently yields 8.67%, making it one of the higher-yielding options in the asset management space. The fund invests at least 80% of its net assets in equity securities of medium market capitalization companies identified as having value characteristics, with up to 20% in foreign currency-denominated securities. JVMAX pays quarterly, with a trailing annual dividend rate of $2.4683 per share and a next ex-dividend date of December 19, 2025. That yield level, well above typical equity fund distributions, draws income-focused investors who prioritize current payout over low volatility.
John Hancock Funds Disciplined Value Mid Cap Fund Class A pays out 558.5% of earnings as dividends, a payout ratio classified as high (above 75%). For a fund focused on value-oriented mid-cap equities, distributions are tied to realized gains and income from the underlying portfolio rather than a fixed earnings stream, which means the payout ratio reflects the nature of fund accounting rather than a traditional corporate earnings shortfall. John Hancock Funds Disciplined Value Mid Cap Fund Class A dividend safety is directly exposed to the performance of its mid-cap equity holdings, and a downturn in that segment of the market would pressure the fund's ability to sustain current distribution levels.
John Hancock Funds Disciplined Value Mid Cap Fund Class A dividend history shows a CAGR of 20.7% per year from 2000 to 2024. Per-share payments grew from $0.0350 in 2000 to $3.1747 in 2024 (2025 is a partial year and not used in this calculation). The largest annual increase in the window was 5,308.6% in 2001, and the history also contains at least one year-over-year decline exceeding 5%, which reflects the variable nature of fund distributions tied to portfolio performance rather than a fixed corporate dividend policy.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +26.4% | $1.22 (2022) | $2.47 (2025) |
| 10-Year | +7.6% | $1.19 (2015) | $2.47 (2025) |
JVMAX fits dividend investors who want high current income from a value-oriented mid-cap equity fund and can accept year-to-year variability in payouts. The yield classification is high (above 4%), and at 8.67% today, the current yield sits well above the fund's own 5-year average of 6.8%, meaning income buyers are getting more than the historical norm right now. The trade-off is a 558.5% payout ratio and a history that includes declines, both of which signal that distributions fluctuate with portfolio returns rather than growing on a predictable schedule. One year of consecutive increases is not a streak that income investors can rely on for compounding certainty.
| Payment Date | Amount per Share |
|---|---|
| 2025-12-19 | $2.4683 |
| 2024-12-20 | $3.1747 |
| 2023-12-19 | $1.0359 |
| 2022-12-19 | $1.2222 |
| 2021-12-17 | $1.7780 |
| 2020-12-18 | $0.2150 |
| 2019-12-13 | $0.4830 |
| 2018-12-14 | $2.3760 |
| 2017-12-15 | $1.4480 |
| 2016-12-16 | $0.5520 |
| Year | Total Dividends |
|---|---|
| 2025 | $2.4683 |
| 2024 | $3.1747 |
| 2023 | $1.0359 |
| 2022 | $1.2222 |
| 2021 | $1.7780 |
Project income from JVMAX with the JVMAX dividend calculator or track your full portfolio with the dividend tracker.