Manulife Financial Co. (TSE:MFC) Announces $0.48 Quarterly Dividend

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) declared a quarterly dividend on Friday, August 21st, TickerTech Dividends reports. Shareholders of record on Monday, September 21st will be given a dividend of 0.485 per share by the financial services provider on Monday, September 21st. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 21st.

Manulife Financial Trading Down 0.2%

Shares of Manulife Financial stock opened at C$61.26 on Wednesday. The company’s fifty day simple moving average is C$59.52 and its 200-day simple moving average is C$53.78. The stock has a market capitalization of C$101.65 billion, a PE ratio of 16.60, a P/E/G ratio of 1.01 and a beta of 0.71. Manulife Financial has a 1-year low of C$41.22 and a 1-year high of C$63.58. The company has a debt-to-equity ratio of 26.52, a current ratio of 2.36 and a quick ratio of 2.58.

Manulife Financial (TSE:MFC) (NYSE:MFC) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported C$1.09 EPS for the quarter. The firm had revenue of C$20.34 billion during the quarter. Manulife Financial had a return on equity of 12.98% and a net margin of 11.62%. As a group, equities analysts anticipate that Manulife Financial will post 3.6104452 earnings per share for the current year.

Insiders Place Their Bets

In other Manulife Financial news, insider Rahul Madhav Joshi sold 50,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$53.76, for a total transaction of C$2,688,000.00. Following the completion of the sale, the insider directly owned 27,186 shares of the company’s stock, valued at C$1,461,519.36. This trade represents a 64.78% decrease in their position. Also, insider Patrick David Graham sold 6,843 shares of Manulife Financial stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$62.06, for a total transaction of C$424,676.58. Over the last quarter, insiders have sold 125,677 shares of company stock valued at $6,804,476. 0.03% of the stock is owned by company insiders.

Manulife Financial Company Profile

Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com. One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities.