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

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) declared a quarterly dividend on Wednesday, November 6th, RTT News reports. Stockholders of record on Tuesday, November 19th will be given 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 dividend yield of 3.93%.

TSE:MFC traded up C$0.22 during trading hours on Wednesday, hitting C$25.47. 6,099,748 shares of the company’s stock traded hands, compared to its average volume of 4,784,644. The firm has a market cap of $49.33 billion and a P/E ratio of 8.92. Manulife Financial has a 52 week low of C$18.33 and a 52 week high of C$25.49. The business’s fifty day simple moving average is C$24.22 and its two-hundred day simple moving average is C$23.65. The company has a quick ratio of 1.88, a current ratio of 4.96 and a debt-to-equity ratio of 42.05.

Manulife Financial (TSE:MFC) (NYSE:MFC) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported C$0.72 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.72. The business had revenue of C$22.20 billion for the quarter. On average, analysts expect that Manulife Financial will post 3.1400002 EPS for the current year.

Several equities research analysts recently issued reports on MFC shares. National Bank Financial dropped their price objective on Manulife Financial from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Cormark lifted their price objective on Manulife Financial from C$30.00 to C$31.00 in a research note on Friday, August 9th. Evercore lowered their price target on Manulife Financial from C$24.50 to C$24.00 in a research report on Thursday, August 8th. Evercore ISI lowered their price target on Manulife Financial from C$24.50 to C$24.00 in a research report on Thursday, August 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a C$30.00 price target on shares of Manulife Financial in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Manulife Financial has an average rating of “Buy” and an average target price of C$28.08.

In other Manulife Financial news, Senior Officer Steve Finch sold 14,257 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$21.98, for a total transaction of C$313,357.45. Following the sale, the insider now owns 6,214 shares in the company, valued at C$136,578.75. Also, Director Brian Collins sold 1,962 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$21.98, for a total value of C$43,123.19.

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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