Manulife Financial Co. (TSE:MFC) Declares Quarterly Dividend of $0.25

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) announced a quarterly dividend on Wednesday, November 6th, RTT News reports. Investors of record on Tuesday, November 19th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, December 19th. This represents a $1.00 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Monday, November 18th.

MFC stock opened at C$26.31 on Friday. The company has a quick ratio of 60.15, a current ratio of 136.24 and a debt-to-equity ratio of 46.37. The business has a 50 day moving average price of C$24.52 and a two-hundred day moving average price of C$23.72. The company has a market cap of $51.27 billion and a price-to-earnings ratio of 10.80. Manulife Financial has a twelve month low of C$18.33 and a twelve month high of C$26.47.

In related news, Senior Officer Steve Finch sold 14,256 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$26.19, for a total value of C$373,380.32. Following the completion of the sale, the insider now directly owns 6,214 shares in the company, valued at approximately C$162,751.50. Also, Senior Officer Stephani Kingsmill sold 20,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$26.05, for a total value of C$521,000.00. Following the completion of the sale, the insider now owns 22,660 shares of the company’s stock, valued at C$590,293. Insiders sold a total of 36,218 shares of company stock valued at $945,767 over the last 90 days.

A number of research firms have weighed in on MFC. Royal Bank of Canada restated an “outperform” rating and issued a C$30.00 price target on shares of Manulife Financial in a research note on Friday, August 9th. BMO Capital Markets raised their price target on Manulife Financial from C$32.00 to C$33.00 in a research note on Friday, November 8th. TD Securities raised their price target on Manulife Financial from C$31.00 to C$32.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Desjardins raised their price target on Manulife Financial from C$29.00 to C$31.00 in a research note on Friday, November 8th. Finally, National Bank Financial raised their price target on Manulife Financial from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

About Manulife Financial

Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing.

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Dividend History for Manulife Financial (TSE:MFC)

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