Manulife declares preferred share dividends

Rhea-AI Summary

On August 5, 2020, Manulife Financial Corporation announced quarterly dividends for its non-cumulative preferred shares, payable on or after September 19, 2020. Shareholders of record by August 17, 2020, will receive varying dividend amounts, including $0.29063 for Class A Shares Series 2 and $0.35 for Class 1 Shares Series 21. Manulife operates globally, managing over $1.2 trillion in assets and serving nearly 30 million customers.

Positive

• Quarterly dividend declaration provides income for shareholders.
• Strong asset management with over $1.2 trillion in assets under management.

Negative

• None.

News Market Reaction – MFC

+3.18%

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+3.18% News Effect

On the day this news was published, MFC gained 3.18%, 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, Aug. 5, 2020 /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, 2020 to shareholders of record at the close of business on August 17, 2020:

• Class A Shares Series 2 - $0.29063 per share
• Class A Shares Series 3 - $0.28125 per share
• Class 1 Shares Series 3 - $0.136125 per share
• Class 1 Shares Series 4 - $0.105863 per share
• Class 1 Shares Series 5 - $0.243188 per share
• Class 1 Shares Series 7 - $0.2695 per share
• Class 1 Shares Series 9 - $0.271938 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 21 - $0.35 per share
• Class 1 Shares Series 23 - $0.303125 per share
• Class 1 Shares Series 25 - $0.29375 per share

About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of June 30, 2020, we had $1.2 trillion (US$0.9 trillion) in assets under management and administration, and in the previous 12 months we made $30.6 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

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SOURCE Manulife Financial Corporation

FAQ

What are the dividend amounts for Manulife's preferred shares for 2020?

The dividend amounts include $0.29063 for Class A Shares Series 2, $0.28125 for Series 3, and $0.35 for Class 1 Shares Series 21.

When will Manulife's preferred share dividends be paid?

Dividends will be payable on or after September 19, 2020.

What is the record date for Manulife's preferred share dividends?

The record date for the dividends is August 17, 2020.

Is Manulife's dividend sustainable?

While the press release does not provide details on sustainability, the company has significant assets under management, which can support dividend payments.