Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) declared a quarterly dividend on Wednesday, February 7th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Tuesday, February 20th. This is a boost from Manulife Financial’s previous quarterly dividend of $0.21.
Manulife Financial (TSE MFC) opened at C$24.94 on Monday. The company has a market cap of $49,430.00, a price-to-earnings ratio of 25.45 and a beta of 0.92. Manulife Financial has a one year low of C$22.39 and a one year high of C$27.77.
A number of research analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of 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. National Bank Financial lifted their price objective on shares of Manulife Financial from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 27th. BMO Capital Markets restated an “outperform” rating and issued a C$31.00 price objective on shares of Manulife Financial in a research note on Friday, November 10th. TD Securities lifted their price objective on shares of Manulife Financial from C$28.00 to C$30.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Finally, Desjardins lifted their price objective on shares of Manulife Financial from C$28.00 to C$30.00 in a research note on Monday, November 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$30.25.
In other news, Director Rocco Gori purchased 60,694 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were acquired at an average cost of C$26.70 per share, for a total transaction of C$1,620,529.80.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/19/manulife-financial-corp-mfc-increases-dividend-to-0-22-per-share.html.
Manulife Financial Company Profile
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.