Manulife increases common shareholders' dividend by 10.0%

Rhea-AI Summary

Manulife (MFC) has announced a significant increase in its quarterly dividend for common shareholders. The Board of Directors approved a 10.0% increase, raising the dividend by 4 cents to $0.44 per share. The dividend will be payable on March 19, 2025, to shareholders of record as of March 5, 2025.

Regarding the company's Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, Manulife will purchase common shares on the open market for dividend reinvestment and optional cash purchases. The purchase price will be based on the average actual cost without any applicable discounts.

Positive

• 10.0% increase in quarterly dividend demonstrates strong financial position
• Dividend raised by 4 cents to $0.44 per share indicates commitment to shareholder returns
• Maintenance of dividend reinvestment program provides flexibility for shareholders

Negative

• No discount offered on dividend reinvestment plan purchases

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

TORONTO, Feb. 19, 2025 /PRNewswire/ - Manulife's Board of Directors today announced an increase of 10.0% or 4 cents per share to its quarterly common shareholders' dividend resulting in a dividend of $0.44 per share on the common shares of Manulife, payable on and after March 19, 2025, to shareholders of record at the close of business on March 5, 2025.

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 Wealth & Asset Management, we offer global investment, financial advice, and retirement plan services to 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.

Media Contact:
Anne Hammer
Manulife
201-925-1213
anne_hammer@manulife.com

Investor Relations:
Hung Ko
Manulife
416-806-9921
hung_ko@manulife.com

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SOURCE Manulife Financial Corporation

FAQ

What is Manulife's (MFC) new quarterly dividend amount for 2025?

Manulife's new quarterly dividend is $0.44 per share, representing a 10.0% or 4 cents increase.

When is the payment date for Manulife's (MFC) increased dividend?

The increased dividend will be payable on March 19, 2025.

What is the record date for Manulife's (MFC) March 2025 dividend?

The record date is March 5, 2025, at the close of business.

How does Manulife's (MFC) dividend reinvestment plan work in 2025?

Manulife will purchase common shares on the open market for dividend reinvestment and optional cash purchases, with the purchase price based on the average actual cost without discounts.

How much did Manulife (MFC) increase its dividend in February 2025?

Manulife increased its dividend by 10.0%, or 4 cents per share.