Manulife declares common share dividend

Rhea-AI Summary

Manulife Financial Corporation announced a quarterly dividend of $0.28 per share on common shares. This dividend is payable on and after December 21, 2020, to shareholders of record as of the close of business on November 23, 2020. Additionally, Manulife will purchase common shares in connection with its Canadian and U.S. Dividend Reinvestment and Share Purchase Plans. The average purchase price will be based on actual costs without applicable discounts.

Positive

• Quarterly dividend of $0.28 enhances shareholder value.
• Dividend reinvestment plan may attract long-term investors.

Negative

• None.

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

TORONTO, Nov. 11, 2020 /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 21, 2020 to shareholders of record at the close of business on November 23, 2020.

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 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of September 30, 2020, we had $1.3 trillion (US$943 billion) in assets under management and administration, and in the previous 12 months we made $31.2 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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/manulife-declares-common-share-dividend-301171378.html

SOURCE Manulife Financial Corporation

FAQ

What is the dividend amount declared by Manulife for Q4 2020?

Manulife declared a dividend of $0.28 per share for Q4 2020.

When will the Manulife dividend be paid?

The dividend will be payable on and after December 21, 2020.

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

The record date for the dividend payment is November 23, 2020.

How does Manulife's Dividend Reinvestment Plan work?

Manulife will purchase common shares on the open market for reinvestment of dividends.