Manulife Finl Stock Price, News & Analysis

Manulife Financial Corporation reported its third quarter 2021 results, showing a net income of $1.6 billion, down $476 million from Q3 2020. Despite this decline, core earnings increased 10% year-over-year to $1.5 billion, driven by higher net fee income and new business gains. New business value was $539 million, up 22%, while annualized premium equivalent sales rose 5% to $1.4 billion. Global Wealth and Asset Management net inflows reached $9.8 billion, a significant improvement from last year's outflows.

On October 29, 2021, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share, payable to all shareholders on record as of October 12, 2021. This distribution is part of the Fund's managed distribution plan, which aims to provide consistent monthly payments. The distribution sources include 60% from net investment income and a return of capital, indicating that part of the distribution may be a return of the shareholders' investments. The total cumulative distributions for the fiscal year have reached $1.1688 per share.

The John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) has announced a monthly distribution of $0.1380 per share, payable on October 29, 2021. Shareholders of record as of October 12, 2021 will receive this distribution, part of a managed distribution plan. The distribution sources include 53% from net investment income, 10% from net realized long-term capital gains, and 37% as return of capital. For fiscal year-to-date, total cumulative distributions amount to $1.6557 per share, with a current distribution rate of 6.85%.

Manulife Financial Corporation (MFC) is set to release its third quarter 2021 financial results after market close on November 3, 2021. The results will be available on their investor relations website. A live webcast and conference call with key executives, including CEO Roy Gori and CFO Phil Witherington, is scheduled for November 4, 2021 at 8:00 a.m. (ET). Interested parties can access the call via phone, and a replay will be available until February 4, 2022. Manulife operates globally with CAD$1.3 trillion in assets under management.

Manulife Investment Management has closed its second private equity co-investment fund, Manulife Co-Investment Partners II, L.P. (MCIP II), with commitments totaling US$683.5 million, surpassing its initial US$600 million target. The fund primarily targets North American middle market companies and is backed by a diversified global investor base. With a strong track record in private equity, Manulife has invested over US$2 billion across 100 co-investments, reinforcing its expertise in the market.

Manulife Investment Management signed a significant 1,000,000 square foot lease with CJ Logistics America at the Locust Grove Distribution Center in Georgia. The facility, part of a 311-acre business park, features state-of-the-art design including 36' clear heights and 146 dock doors. This strategic move expands Manulife's industrial portfolio in a robust market characterized by low vacancy rates and strong rental growth. With assets under management totaling CAD $1.0 trillion (US $834 billion) as of June 30, 2021, the company continues to leverage its global platform for growth.