Manulife declares common share dividend

Rhea-AI Summary

Manulife Financial Corporation has declared a quarterly dividend of $0.28 per share on its common shares. This dividend is payable from December 20, 2021, to shareholders recorded by close of business on December 1, 2021. The company will facilitate the purchase of common shares under its Canadian and U.S. Dividend Reinvestment and Share Purchase Plans at market prices. As of September 30, 2021, Manulife reported CAD$1.4 trillion in assets under management and administration.

Positive

• Quarterly dividend of $0.28 per share announced.
• Dividend payable on December 20, 2021, shows company confidence in financial stability.
• Reinvestment plans for shareholders indicate a commitment to returning value.

Negative

• None.

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

TORONTO, Nov. 3, 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 December 20, 2021 to shareholders of record at the close of business on December 1, 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 provider that helps 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 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of September 30, 2021, we had CAD$1.4 trillion (US$1.1 trillion) in assets under management and administration, and in the previous 12 months we made CAD$31.6 billion in payments to our customers.

Our principal operations are in Asia and 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. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com

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SOURCE Manulife Financial Corporation

FAQ

What is the dividend amount declared by Manulife for Q4 2021?

Manulife has declared a dividend of $0.28 per share for Q4 2021.

When will the dividend be paid to shareholders of Manulife?

The dividend will be paid on December 20, 2021.

What is the record date for Manulife's dividend payment?

The record date for the dividend payment is December 1, 2021.

Does Manulife offer a dividend reinvestment plan?

Yes, Manulife offers Canadian and U.S. Dividend Reinvestment and Share Purchase Plans.

How does Manulife determine the purchase price for shares in its reinvestment plans?

The purchase price will be based on the average actual cost to purchase the shares, with no applicable discounts.