Manulife Financial Co. (MFC) To Go Ex-Dividend on May 21st

Manulife Financial Co. (TSE:MFCGet Free Report) (NYSE:MFC) declared a quarterly dividend on Wednesday, May 8th, RTT News reports. Shareholders of record on Wednesday, May 22nd will be paid a dividend of 0.40 per share by the financial services provider on Wednesday, June 19th. This represents a $1.60 annualized dividend and a yield of 4.40%. The ex-dividend date is Tuesday, May 21st.

Manulife Financial Stock Performance

Shares of MFC stock opened at C$36.34 on Friday. The company has a debt-to-equity ratio of 48.44, a current ratio of 29.14 and a quick ratio of 2.58. The firm has a 50-day moving average of C$33.07 and a 200-day moving average of C$30.33. Manulife Financial has a one year low of C$23.69 and a one year high of C$36.51. The company has a market cap of C$65.41 billion, a P/E ratio of 15.60, a P/E/G ratio of 12.56 and a beta of 1.10.

Manulife Financial (TSE:MFCGet Free Report) (NYSE:MFC) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported C$0.92 EPS for the quarter, beating the consensus estimate of C$0.84 by C$0.08. Manulife Financial had a net margin of 18.29% and a return on equity of 10.48%. The firm had revenue of C$14.92 billion during the quarter, compared to analyst estimates of C$10.24 billion. Equities research analysts forecast that Manulife Financial will post 3.6818642 EPS for the current fiscal year.

Insider Activity at Manulife Financial

In related news, Senior Officer Steve Finch sold 10,294 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$32.76, for a total transaction of C$337,231.44. In related news, Director Rocco Gori sold 48,640 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$35.25, for a total value of C$1,714,560.00. Also, Senior Officer Steve Finch sold 10,294 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$32.76, for a total value of C$337,231.44. In the last ninety days, insiders sold 73,849 shares of company stock worth $2,569,750. Corporate insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

MFC has been the topic of a number of recent analyst reports. Scotiabank lifted their price target on Manulife Financial from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. TD Securities lifted their target price on Manulife Financial from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Evercore increased their price target on shares of Manulife Financial from C$36.00 to C$37.00 in a research report on Friday, May 10th. Royal Bank of Canada lifted their price objective on shares of Manulife Financial from C$34.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, National Bank Financial raised shares of Manulife Financial from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Manulife Financial has an average rating of “Moderate Buy” and a consensus target price of C$37.30.

Get Our Latest Stock Analysis on Manulife Financial

Manulife Financial Company Profile

(Get Free Report)

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.

Further Reading

Dividend History for Manulife Financial (TSE:MFC)

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