Manulife declares common share dividend

Rhea-AI Summary

On February 9, 2022, Manulife's Board of Directors announced a quarterly dividend of $0.33 per share on common shares, payable March 21, 2022, to shareholders of record as of February 23, 2022. This decision reflects the company’s commitment to returning value to its shareholders. Additionally, through its Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, Manulife will buy common shares on the open market based on the average actual cost. Manulife operates globally, providing financial services and has paid CAD$31.8 billion to customers in the past year.

Positive

• Quarterly dividend of $0.33 per share reflects company commitment to shareholder value.
• CAD$31.8 billion paid to customers in the previous 12 months indicates strong operational performance.

Negative

• None.

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

TORONTO, Feb. 9, 2022 /PRNewswire/ - Manulife's Board of Directors today announced a quarterly shareholders' dividend of $0.33 per share on the common shares of Manulife Financial Corporation (the "Company"), payable on and after March 21, 2022 to shareholders of record at the close of business on February 23, 2022.

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. 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. In the previous 12 months we made CAD$31.8 billion in payments to our customers.

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 (MFC)?

Manulife has declared a quarterly dividend of $0.33 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on March 21, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is February 23, 2022.

How much did Manulife pay to customers in the last year?

In the last year, Manulife paid CAD$31.8 billion to its customers.

Is there a dividend reinvestment plan available for Manulife (MFC)?

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