Manulife Finl Stock Price, News & Analysis

Manulife Investment Management released its Global Intelligence report for H1 2022, highlighting challenges and opportunities amidst current market volatility due to the Russia-Ukraine conflict, rising inflation, and supply chain issues. The report emphasizes the importance of active management in navigating these dynamics, addressing the impact of inflation on retirement portfolios, and reviewing U.S. labor market trends. It offers insights on agricultural infrastructure innovations and the necessity for banks to meet net-zero commitments, outlining specific strategies for investors in a changing economic landscape.

Manulife Investment Management has appointed Marc Feliciano as the new global head of real estate for private markets. Reporting to Christoph Schumacher, he will oversee the real estate business, including portfolio management and sustainability integration. Feliciano joins from DWS with nearly 30 years of experience in real estate investment management. The company boasts a total of US$59.2 billion in assets under management across private markets.

His appointment is expected to enhance the firm’s capabilities and growth in the real estate sector.

Manulife announced the appointment of Vanessa Kanu to its Board of Directors, effective February 28, 2022. With over 20 years of experience, Kanu currently serves as global CFO at TELUS International. She brings extensive expertise in finance, including accounting, treasury, and reporting. Kanu is also a Chartered Accountant in Canada and a Certified Public Accountant in the U.S., enhancing her qualifications. Her role includes membership in the Audit Committee and the Corporate Governance and Nominating Committee. The board anticipates her leadership will support Manulife’s strategic oversight.

Manulife Investment Management announced key promotions within its fixed-income investment teams to strengthen its global organization. Daniel S. Janis III will retire on March 15, 2023, while Christopher M. Chapman has been promoted to co-head of the global multi-sector team. Other notable changes include Bradley L. Lutz's appointment as a portfolio manager and the formation of a new global credit team led by Caryn E. Rothman. These developments aim to enhance service quality and maintain investment strategies.

Manulife Financial Corporation has filed its 2021 audited annual financial statements for the year ending December 31, 2021, with securities regulators. These documents are accessible through the company's website, providing shareholders with vital financial information. Manulife is a prominent provider of financial services, operating under the Manulife brand in Canada, Asia, and Europe, and as John Hancock in the United States. Last year, the company made CAD$31.8 billion in payments to customers, showcasing its commitment to delivering value.

Manulife Financial Corporation (MFC) announced dividends for its non-cumulative preferred shares, to be paid on or after March 19, 2022. Shareholders on record as of February 23, 2022 will receive varying amounts per share across different classes. For instance, Class A Shares Series 2 will pay $0.29063 per share, while Class 1 Shares Series 23 will pay $0.303125 per share. This announcement reflects Manulife's commitment to returning value to shareholders amidst its operational success in key markets.

On February 9, 2022, Manulife's Board of Directors announced a quarterly dividend of $0.33 per share on common shares, payable March 21, 2022, to shareholders of record as of February 23, 2022. This decision reflects the company’s commitment to returning value to its shareholders. Additionally, through its Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, Manulife will buy common shares on the open market based on the average actual cost. Manulife operates globally, providing financial services and has paid CAD$31.8 billion to customers in the past year.

Manulife Financial Corporation reported significant growth in its financial performance for 2021. Net income attributed to shareholders reached $7.1 billion, up $1.2 billion from the previous year, while core earnings also increased by 26% on a constant exchange rate basis. The company demonstrated a strong LICAT ratio of 142% and recorded net inflows of $27.9 billion in Global Wealth and Asset Management. With a 18% increase in quarterly dividends and a share buyback initiative, Manulife aims to enhance shareholder value while expanding its business in Asia.

On February 7, 2022, John Hancock announced a partnership with Wholesome Wave to improve food accessibility for underserved communities. Through its Vitality program, John Hancock will match customer savings on nutritious foods with donations, up to $200,000, to Wholesome Wave for 2022. This initiative targets nutrition insecurity, which contributes to serious health issues in the U.S. The program aims to support diet-related disease prevention and foster health equity.