Manulife declares preferred share dividends

Rhea-AI Summary

On February 15, 2023, Manulife Financial Corporation's Board of Directors announced the quarterly dividends for its non-cumulative preferred shares. These dividends, amounting to C$0.29063 for Class A Shares Series 2 and C$0.28125 for Class A Shares Series 3, will be payable on or after March 19, 2023, to shareholders on record as of February 28, 2023. Other noteworthy dividends include C$0.14675 for Class 1 Shares Series 3 and C$0.34089 for Series 4. This announcement reflects Manulife’s ongoing commitment to returning value to shareholders. The company operates across Canada, Asia, and Europe, with a significant presence in the U.S. through John Hancock.

Positive

• Quarterly dividends announced provide consistent income for shareholders.
• Reflects strong financial health and commitment to shareholder value.

Negative

• None.

News Market Reaction – MFC

+3.38%

1 alert

+3.38% News Effect

On the day this news was published, MFC gained 3.38%, 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, Feb. 15, 2023 /PRNewswire/ - Manulife's Board of Directors today announced quarterly shareholders' dividends on the following non-cumulative preferred shares of Manulife Financial Corporation, payable on or after March 19, 2023, to shareholders of record at the close of business on February 28, 2023:

• Class A Shares Series 2 - $0.29063 per share
• Class A Shares Series 3 - $0.28125 per share
• Class 1 Shares Series 3 - $0.14675 per share
• Class 1 Shares Series 4 - $0.34089 per share
• Class 1 Shares Series 9 - $0.373625 per share
• Class 1 Shares Series 11 - $0.295688 per share
• Class 1 Shares Series 13 - $0.275875 per share
• Class 1 Shares Series 15 - $0.236625 per share
• Class 1 Shares Series 17 - $0.2375 per share
• Class 1 Shares Series 19 - $0.229688 per share
• Class 1 Shares Series 25 - $0.29375 per share

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 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 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.

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SOURCE Manulife Financial Corporation

FAQ

What is the dividend amount for MFC preferred shares?

Manulife announced various dividend amounts, including C$0.29063 for Class A Shares Series 2 and C$0.28125 for Class A Shares Series 3.

When will MFC dividends be paid?

Dividends will be payable on or after March 19, 2023.

What is the record date for MFC dividends?

The record date for the dividends is February 28, 2023.

How often does Manulife pay dividends?

Manulife pays dividends quarterly on its preferred shares.

Are MFC dividends sustainable?

The announcement of dividends indicates a commitment to return value, suggesting sustainability, but individual dividend sustainability should be assessed based on future financial performance.