Manulife declares preferred share dividends

Rhea-AI Summary

On February 10, 2021, Manulife Financial Corporation announced quarterly dividends for its non-cumulative preferred shares, payable on or after March 19, 2021. Shareholders of record by February 23, 2021, will receive the following amounts per share: Class A Shares Series 2 - $0.29063, Series 3 - $0.28125; Class 1 Shares Series 3 - $0.136125, Series 4 - $0.092465, Series 5 - $0.243188, Series 7 - $0.2695, Series 9 - $0.271938, Series 11 - $0.295688, Series 13 - $0.275875, Series 15 - $0.236625, Series 17 - $0.2375, Series 19 - $0.229688, Series 21 - $0.35, Series 23 - $0.303125, Series 25 - $0.29375.

Positive

• Quarterly dividends announced for preferred shares indicate ongoing income for shareholders.
• Confidence in financial stability evidenced by consistent dividend payments.

Negative

• None.

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

TORONTO, Feb. 10, 2021 /PRNewswire/ - Manulife's Board of Directors today announced quarterly shareholders' dividends on the following non-cumulative preferred shares of Manulife Financial Corporation, payable on or after March 19, 2021 to shareholders of record at the close of business on February 23, 2021:

• Class A Shares Series 2 - $0.29063 per share
• Class A Shares Series 3 - $0.28125 per share
• Class 1 Shares Series 3 - $0.136125 per share
• Class 1 Shares Series 4 - $0.092465 per share
• Class 1 Shares Series 5 - $0.243188 per share
• Class 1 Shares Series 7 - $0.2695 per share
• Class 1 Shares Series 9 - $0.271938 per share
• Class 1 Shares Series 11 - $0.295688 per share
• Class 1 Shares Series 13 - $0.275875 per share
• Class 1 Shares Series 15 - $0.236625 per share
• Class 1 Shares Series 17 - $0.2375 per share
• Class 1 Shares Series 19 - $0.229688 per share
• Class 1 Shares Series 21 - $0.35 per share
• Class 1 Shares Series 23 - $0.303125 per share
• Class 1 Shares Series 25 - $0.29375 per share

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 are the dividend amounts declared by Manulife for MFC preferred shares?

Manulife declared the following dividends: Class A Shares Series 2 - $0.29063, Series 3 - $0.28125, Class 1 Shares Series 3 - $0.136125, Series 4 - $0.092465, Series 5 - $0.243188, Series 7 - $0.2695, Series 9 - $0.271938, Series 11 - $0.295688, Series 13 - $0.275875, Series 15 - $0.236625, Series 17 - $0.2375, Series 19 - $0.229688, Series 21 - $0.35, Series 23 - $0.303125, Series 25 - $0.29375.

When will Manulife pay dividends for its preferred shares?

Dividends will be paid on or after March 19, 2021, to shareholders of record at the close of business on February 23, 2021.

What does the announcement of dividends mean for Manulife shareholders?

The announcement signifies ongoing income for shareholders and reflects the company's confidence in its financial stability.

How often does Manulife declare dividends for MFC?

Manulife typically declares dividends quarterly for its preferred shares.