Manulife declares preferred share dividends

Rhea-AI Summary

Manulife Financial (TSX/NYSE/PSE: MFC) has announced quarterly dividends on its non-cumulative preferred shares, payable on or after September 19, 2024, to shareholders of record as of August 21, 2024. The dividends range from $0.14675 to $0.396875 per share across various Class A and Class 1 share series. This declaration demonstrates Manulife's commitment to providing regular returns to its preferred shareholders and reflects the company's financial stability. The diverse range of preferred share classes offers investors different options for dividend income within Manulife's capital structure.

Positive

• Regular dividend payments indicate financial stability
• Diverse range of preferred share options for investors
• Consistent shareholder returns across multiple share classes

Negative

• None.

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

TORONTO, Aug. 7, 2024 /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 September 19, 2024, to shareholders of record at the close of business on August 21, 2024:

• 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 - $0.395853 per share
• Class 1 Shares Series 9 - $0.373625 per share
• Class 1 Shares Series 11 - $0.384938 per share
• Class 1 Shares Series 13 - $0.396875 per share
• Class 1 Shares Series 15 - $0.360938 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 - $0.371375 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 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. 

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SOURCE Manulife Financial Corporation

FAQ

When will Manulife (MFC) pay its next preferred share dividend?

Manulife (MFC) will pay its next preferred share dividend on or after September 19, 2024, to shareholders of record as of August 21, 2024.

What is the dividend amount for Manulife's (MFC) Class 1 Shares Series 25?

The dividend amount for Manulife's (MFC) Class 1 Shares Series 25 is $0.371375 per share.

How many different preferred share series are included in Manulife's (MFC) dividend announcement?

Manulife's (MFC) dividend announcement includes 11 different preferred share series across Class A and Class 1 shares.

What is the highest dividend amount among Manulife's (MFC) preferred shares in this announcement?

The highest dividend amount among Manulife's (MFC) preferred shares in this announcement is $0.396875 per share for Class 1 Shares Series 13.