Manulife declares common share dividend

Rhea-AI Summary

Manulife (MFC) has announced a quarterly dividend of $0.40 per share for common shareholders. The dividend will be payable on December 19, 2024, to shareholders of record as of November 20, 2024. For participants in the Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, common shares will be purchased on the open market at average cost pricing, with no applicable discounts.

Positive

• Maintains consistent quarterly dividend payment of $0.40 per share
• Offers dividend reinvestment options for both Canadian and U.S. shareholders

Negative

• No dividend increase announced
• No discount offered on dividend reinvestment purchases

News Market Reaction – MFC

+3.16%

1 alert

+3.16% News Effect

On the day this news was published, MFC gained 3.16%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

C$ unless otherwise stated             TSX/NYSE/PSE: MFC SEHK: 945

TORONTO, Nov. 6, 2024 /PRNewswire/ - Manulife's Board of Directors today announced a quarterly common shareholders' dividend of $0.40 per share on the common shares of Manulife, payable on and after December 19, 2024, to shareholders of record at the close of business on November 20, 2024.

In respect of the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.S. Dividend Reinvestment and Share Purchase Plan, the Company will purchase common shares on the open market in connection with the reinvestment of dividends and optional cash purchases under these plans. The purchase price of these common shares will be based on the average of the actual cost to purchase them and there are no applicable discounts.

About Manulife

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2023, we had more than 38,000 employees, over 98,000 agents, and thousands of distribution partners, serving over 35 million customers. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges, and under '945' in Hong Kong.
 
Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/manulife-declares-common-share-dividend-302297917.html

SOURCE The Manufacturers Life Insurance Company

FAQ

When is Manulife's (MFC) next dividend payment date?

Manulife's next dividend payment date is December 19, 2024.

What is Manulife's (MFC) current quarterly dividend amount?

Manulife's current quarterly dividend is $0.40 per common share.

What is the record date for Manulife's (MFC) December 2024 dividend?

The record date for Manulife's December 2024 dividend is November 20, 2024.

Does Manulife (MFC) offer a dividend reinvestment plan?

Yes, Manulife offers Dividend Reinvestment and Share Purchase Plans for both Canadian and U.S. shareholders.