Manulife Financial Co. Declares Quarterly Dividend of $0.14 (MFC)
Manulife Financial (NYSE:MFC) announced a quarterly dividend on Friday, August 8th, Analyst Ratings Network reports. Shareholders of record on Tuesday, August 19th will be paid a dividend of 0.1421 per share on Friday, September 19th. This represents a $0.57 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Friday, August 15th.
Several analysts have recently commented on the stock. Analysts at Cormark reiterated a “buy” rating on shares of Manulife Financial in a research note on Friday, July 25th. On a related note, analysts at Goldman Sachs initiated coverage on shares of Manulife Financial in a research note on Thursday, June 26th. They set a “neutral” rating on the stock. Finally, analysts at BNP Paribas initiated coverage on shares of Manulife Financial in a research note on Thursday, June 12th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $22.67.
Shares of Manulife Financial (NYSE:MFC) traded up 0.10% on Friday, hitting $19.89. 1,677,806 shares of the company’s stock traded hands. Manulife Financial has a one year low of $16.16 and a one year high of $20.68. The stock’s 50-day moving average is $20.14 and its 200-day moving average is $19.. The company has a market cap of $36.876 billion and a price-to-earnings ratio of 12.39.
Manulife Financial (NYSE:MFC) last released its earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.39 by $0.03. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, analysts predict that Manulife Financial will post $1.61 earnings per share for the current fiscal year.
Manulife Financial Corporation (NYSE:MFC) is a Canada-based financial services group with principal operations in Asia, Canada and the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.