Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) announced a quarterly dividend on Wednesday, February 7th, RTT News reports. Shareholders of record on Wednesday, February 21st will be given a dividend of 0.22 per share by the financial services provider on Monday, March 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Tuesday, February 20th. This is a boost from Manulife Financial’s previous quarterly dividend of $0.21.
Shares of Manulife Financial (TSE MFC) opened at C$24.87 on Thursday. Manulife Financial has a 52-week low of C$22.39 and a 52-week high of C$27.77. The company has a market cap of $49,290.00, a PE ratio of 25.38 and a beta of 0.92.
In other Manulife Financial news, Director Rocco Gori bought 60,694 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of C$26.70 per share, for a total transaction of C$1,620,529.80. Also, insider Warren A. Thomson sold 11,300 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$26.71, for a total transaction of C$301,823.00.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2018/02/15/manulife-financial-corp-mfc-increases-dividend-to-0-22-per-share.html.
About Manulife Financial
Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.
Receive News & Ratings for Manulife Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial and related companies with MarketBeat.com's FREE daily email newsletter.