Manulife Financial Co. to Issue Quarterly Dividend of $0.44 (TSE:MFC)

Key Points

• Manulife Financial Co. has declared a quarterly dividend of $0.44 per share, with the payment date set for September 19th for investors of record as of August 20th, representing a yield of 4.1%.
• The company's stock price saw a 1.4% increase, trading at C$43.00, with a market cap of C$75.42 billion.
• Recent analyst reports have shown mixed ratings, with a consensus of "Moderate Buy" and a price target averaging C$47.88, while several banks have lowered their price objectives for the stock.

Manulife Financial Co. (TSE:MFC - Get Free Report) NYSE: MFC declared a quarterly dividend on Wednesday, August 6th, RTT News reports. Investors of record on Wednesday, August 20th will be given a dividend of 0.44 per share by the financial services provider on Friday, September 19th. This represents a c) annualized dividend and a yield of 4.3%.

Manulife Financial Trading Up 0.2%

TSE:MFC traded up C$0.07 during mid-day trading on Friday, hitting C$41.41. The company's stock had a trading volume of 9,715,294 shares, compared to its average volume of 7,616,395. Manulife Financial has a fifty-two week low of C$34.03 and a fifty-two week high of C$46.42. The company has a market capitalization of C$72.63 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 1.01 and a beta of 1.06. The stock has a fifty day moving average of C$42.70 and a 200-day moving average of C$42.70.

Manulife Financial Company Profile

Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada's Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.