Welcome to our dedicated page for Manulife Finl news (Ticker: MFC), a resource for investors and traders seeking the latest updates and insights on Manulife Finl stock.
Manulife Financial Corporation (MFC) delivers insurance, wealth management, and retirement solutions across Canada, Asia, and the United States through its John Hancock division. This news hub provides investors and professionals with timely updates on corporate developments directly affecting market positioning and strategic direction.
Key resources include earnings reports, product innovation announcements, and regulatory filings. Users gain access to verified information about leadership changes, partnership agreements, and sustainability initiatives – all essential for assessing MFC's performance in global financial markets.
Regular updates cover digital transformation progress including AI implementation in customer service, reinsurance transactions, and expansion strategies in Asian markets. Content is curated to help stakeholders monitor operational milestones and industry trends impacting this multinational insurer.
Bookmark this page for streamlined access to MFC's official communications and third-party analyses. Combine frequent checks with portfolio reviews to maintain informed decision-making in dynamic financial markets.
Manulife Financial Corporation announced an 11% increase in its quarterly dividend to $0.365 per share. This increase amounts to an additional 3.5 cents per share and is payable on March 20, 2023, to shareholders who are on record by February 28, 2023. Additionally, the company will repurchase common shares for its Dividend Reinvestment and Share Purchase Plan at market prices. This decision reflects Manulife's commitment to returning value to its shareholders while supporting its financial strategies.
Manulife Financial Corporation is set to release its fourth quarter and year-end 2022 financial results on February 15, 2023. The results will be accessible on their investor relations website. A live webcast and conference call with the executive team, including Roy Gori and Phil Witherington, will occur on February 16, 2023, at 8:00 a.m. (ET), providing insights into the financial performance and a Q&A session. The archived webcast will be available shortly after the call. Manulife is a leading international financial services provider, operating under the symbol MFC on various stock exchanges.
Manulife Financial Corporation announced it will not redeem its 8,000,000 Non-cumulative Rate Reset Class 1 Shares Series 11 on March 19, 2023. Shareholders may convert their Series 11 Preferred Shares to Series 12 Preferred Shares on that date. The conversion is subject to conditions, including the minimum number of shares outstanding. The dividend rates for Series 11 and Series 12 Shares will be declared on February 21, 2023. Furthermore, the Series 12 Shares are conditionally approved for listing on the TSX under symbol MFC.PR.S, subject to meeting TSX requirements. Both share classes are not registered in the U.S., hence not available for sale there.
John Hancock Investment Management has launched the John Hancock International High Dividend ETF (JHID), aiming for high current income and long-term capital growth. The ETF targets at least 80% of its net assets in dividend-paying large- and mid-cap equities from non-U.S. developed markets. This expansion brings John Hancock's ETF offerings to ten funds. Notably, $45 billion flowed into dividend-focused ETFs in 2022, indicating strong market interest. The investment strategy entails risks, including potential losses and market volatility.
On December 5, 2022, John Hancock Investment Management announced enhancements to the John Hancock Freedom 529 education savings plan. A new Stable Value Portfolio was added to the investment options, aimed at maintaining principal stability and maximizing income. The plan also saw fee reductions, effective October 15, 2022, which lowered total annual asset-based fees by converting several funds to lower-cost share classes, averaging a 12% reduction. The Freedom 529 plan helps families save for education, managing around $5 billion in assets.
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