Manulife declares common share dividend

Rhea-AI Summary

Manulife (TSX/NYSE/PSE: MFC, SEHK: 945) has declared a quarterly common shareholders' dividend of $0.40 per share, payable on September 19, 2024, to shareholders of record as of August 21, 2024. For the company's Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, Manulife will purchase common shares on the open market for dividend reinvestment and optional cash purchases. The purchase price will be based on the average actual cost without discounts. This announcement demonstrates Manulife's commitment to providing regular returns to its shareholders and maintaining its dividend program.

Positive

• Consistent quarterly dividend of $0.40 per share maintained
• Dividend reinvestment and share purchase plans available for Canadian and U.S. shareholders

Negative

• No discount offered on shares purchased for dividend reinvestment plans

C$ unless otherwise stated                          TSX/NYSE/PSE: MFC     SEHK: 945

TORONTO, Aug. 7, 2024 /PRNewswire/ - Manulife's Board of Directors today announced a quarterly common shareholders' dividend of $0.40 per share on the common shares of Manulife, payable on and after September 19, 2024, to shareholders of record at the close of business on August 21, 2024.

In respect of the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.S. Dividend Reinvestment and Share Purchase Plan, the Company will purchase common shares on the open market in connection with the reinvestment of dividends and optional cash purchases under these plans. The purchase price of these common shares will be based on the average of the actual cost to purchase them and there are no applicable discounts.

About Manulife

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2023, we had more than 38,000 employees, over 98,000 agents, and thousands of distribution partners, serving over 35 million customers. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges, and under '945' in Hong Kong.  
 
Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.  

View original content to download multimedia:https://www.prnewswire.com/news-releases/manulife-declares-common-share-dividend-302217111.html

SOURCE Manulife Financial Corporation

FAQ

What is the amount of Manulife's (MFC) quarterly dividend for August 2024?

Manulife (MFC) has declared a quarterly dividend of $0.40 per common share for August 2024.

When is the payment date for Manulife's (MFC) latest dividend?

The dividend is payable on and after September 19, 2024.

What is the record date for Manulife's (MFC) September 2024 dividend?

The record date for Manulife's dividend is August 21, 2024, at the close of business.

How will Manulife (MFC) handle share purchases for its dividend reinvestment plans?

Manulife will purchase common shares on the open market for dividend reinvestment and optional cash purchases under its Canadian and U.S. plans.