Manulife declares common share dividend

Rhea-AI Summary

Manulife Financial Corporation's Board of Directors declared a quarterly dividend of $0.28 per share on common shares, payable on or after March 19, 2021. Shareholders of record by the close of business on February 23, 2021 will receive this dividend. The Company will utilize its Canadian and U.S. Dividend Reinvestment and Share Purchase Plans to purchase common shares on the open market. As of December 31, 2020, Manulife managed $1.3 trillion in assets and served over 30 million customers globally, reinforcing its status as a leading financial services group.

Positive

• Quarterly dividend of $0.28 reflects company confidence in cash reserves.
• Strong asset management with $1.3 trillion in assets under management.

Negative

• None.

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

TORONTO, Feb. 10, 2021 /PRNewswire/ - Manulife's Board of Directors today announced a quarterly shareholders' dividend of $0.28 per share on the common shares of Manulife Financial Corporation (the "Company"), payable on and after March 19, 2021 to shareholders of record at the close of business on February 23, 2021.

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 group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of December 31, 2020, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, and in the previous 12 months we made $31.6 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

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SOURCE Manulife Financial Corporation

FAQ

What is the dividend amount declared by Manulife (MFC)?

Manulife declared a dividend of $0.28 per share.

When will the dividend payment be made for Manulife (MFC)?

The dividend will be paid on or after March 19, 2021.

What is the record date for the Manulife (MFC) dividend?

The record date for the dividend is February 23, 2021.

How does Manulife (MFC) handle dividend reinvestment?

Manulife will purchase common shares on the open market for its dividend reinvestment plans.