Manulife Finl Stock Price, News & Analysis

Manulife Financial (TSX/NYSE/PSE: MFC) has announced quarterly preferred share dividends for multiple share classes, payable on December 19, 2024, to shareholders of record as of November 20, 2024. The dividends range from $0.14675 to $0.396875 per share across different preferred share series, including Class A Shares Series 2 and 3, and Class 1 Shares Series 3, 4, 9, 11, 13, 15, 17, 19, and 25.

Manulife (MFC) has announced a quarterly dividend of $0.40 per share for common shareholders. The dividend will be payable on December 19, 2024, to shareholders of record as of November 20, 2024. For participants in the Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, common shares will be purchased on the open market at average cost pricing, with no applicable discounts.

Manulife Financial (MFC) reported strong Q3 2024 results with record core earnings of $1.8 billion, up 4% from Q3 2023. Key highlights include: core EPS of $1.00 (up 7%), net income of $1.8 billion (up $0.8 billion), and a LICAT ratio of 137%. The company saw significant growth with APE sales up 40%, new business CSM up 47%, and NBV up 39%. Global Wealth and Asset Management achieved net inflows of $5.2 billion, compared to net outflows of $0.8 billion in Q3 2023. The company maintained strong financial metrics with a core ROE of 16.6% and has returned over $2 billion to shareholders through share buybacks since the start of 2024.

Manulife Financial announced it will not redeem its 14,000,000 Non-cumulative Rate Reset Class 1 Shares Series 17 on December 19, 2024. Shareholders have the option to convert their Series 17 Preferred Shares to Series 18 Preferred Shares on a one-for-one basis. If less than 1,000,000 shares of either series would be outstanding after December 4, 2024, automatic conversion conditions apply. The dividend rates for both series will be announced on November 20, 2024. The Toronto Stock Exchange has conditionally approved listing of Series 18 Preferred Shares under the symbol 'MFC.PR.S'.

Manulife Financial has announced it will release its third quarter 2024 financial results after markets close on Wednesday, November 6, 2024. The company will host a live webcast and conference call on Thursday, November 7, 2024, at 8:00 a.m. (ET), where executive leadership will discuss results and conduct a Q&A session with analysts. The webcast will be archived and available for replay, along with a conference call replay option available until December 7, 2024.

Manulife and the World Economic Forum have announced the winners of the 'Prospering in Longevity Challenge' through UpLink, the Forum's open innovation platform. Ten global start-ups were selected for their innovative approaches to preventative health care and financial wellness for longer lives. Each winner will receive C$50,000 in prize money and access to UpLink's Innovation Ecosystem.

The challenge aims to address the longevity crisis, as the global population over 65 is expected to double to 1.6 billion by 2050. Manulife's partnership with the World Economic Forum and UpLink focuses on finding accessible solutions to help people live longer, healthier, and better lives.

This challenge is the first of three innovation challenges designed to shape the future of the longevity economy. The next two challenges will be held in 2025 and 2026 with new thematic focus areas.

Manulife Financial (MFC) has announced its intention to redeem all outstanding 500 million Singapore dollars principal amount of 3.00% Subordinated Notes on November 21, 2024. The Notes, originally due November 21, 2029, are redeemable at MFC's option at par value. The redemption will include accrued and unpaid interest up to, but not including, the redemption date. MFC will deliver formal notice to Note holders as per the Trust Indenture. Interest on the Notes will cease to accrue on the redemption date. This redemption option applies to the entire principal amount and can be exercised on November 21, 2024, or any subsequent interest payment date.

Manulife Investment Management (Manulife IM), the world's largest manager of natural capital with over $16 billion in assets under management in timberland and agriculture, has released three reports on sustainable investing. These include the Natural Capital Sustainability report, Task Force on Climate-Related Financial Disclosures (TCFD) report, and Sustainable and Responsible Investing (SRI) report.

Key highlights include:

• Planting over 50 million seedlings and producing lumber for 100,000 houses
• 100% of client agriculture properties using at least one regenerative practice
• 90% of global real estate equity portfolio earning green building certifications
• Removing an estimated 1.5 million tons of CO2e from the atmosphere
• Achieving a GRESB 5 Star rating for the sixth consecutive year

Manulife IM aims to incorporate climate-related risks and sustainability factors into investment decisions to enhance long-term financial value for clients.

Manulife Financial (TSX/NYSE/PSE: MFC) has announced quarterly dividends on its non-cumulative preferred shares, payable on or after September 19, 2024, to shareholders of record as of August 21, 2024. The dividends range from $0.14675 to $0.396875 per share across various Class A and Class 1 share series. This declaration demonstrates Manulife's commitment to providing regular returns to its preferred shareholders and reflects the company's financial stability. The diverse range of preferred share classes offers investors different options for dividend income within Manulife's capital structure.