Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) announced a quarterly dividend on Wednesday, February 7th, RTT News reports. Investors 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 annualized dividend and a yield of 3.52%. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.21.
Shares of Manulife Financial (TSE:MFC) opened at C$24.97 on Thursday. Manulife Financial has a one year low of C$22.39 and a one year high of C$27.77. The company has a market capitalization of $49,680.00, a P/E ratio of 13.77 and a beta of 0.92.
Manulife Financial (TSE:MFC) (NYSE:MFC) last announced its quarterly earnings data on Wednesday, November 8th. The financial services provider reported C$0.53 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.51 by C$0.02. Manulife Financial had a return on equity of 10.81% and a net margin of 10.53%. The firm had revenue of C$11.93 billion during the quarter.
A number of brokerages have commented on MFC. National Bank Financial raised their price objective on Manulife Financial from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a research note on Thursday, November 9th. Barclays raised their price objective on Manulife Financial from C$29.00 to C$30.00 in a research note on Monday, November 13th. Desjardins raised their price objective on Manulife Financial from C$28.00 to C$30.00 in a research note on Monday, November 13th. Scotiabank raised their price objective on Manulife Financial from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, Royal Bank of Canada raised their price objective on Manulife Financial from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$30.10.
In other news, insider Warren A. Thomson sold 11,300 shares of the firm’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 value of C$301,823.00. Also, Director Rocco Gori bought 60,694 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was bought at an average price of C$26.70 per share, for a total transaction of C$1,620,529.80.
ILLEGAL ACTIVITY NOTICE: “Manulife Financial Corp. (MFC) Increases Dividend to $0.22 Per Share” was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://transcriptdaily.com/2018/02/08/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.