Manulife declares preferred share dividends

Rhea-AI Summary

Manulife Financial Corporation has declared quarterly dividends for various non-cumulative preferred shares, effective December 19, 2020. Shareholders on record by November 23, 2020, will receive the following payments:

• Class A Shares Series 2: $0.29063
• Class A Shares Series 3: $0.28125
• Class 1 Shares Series 3: $0.136125
• Class 1 Shares Series 4: $0.09767
• Class 1 Shares Series 5: $0.243188
• Class 1 Shares Series 7: $0.2695
• Class 1 Shares Series 9: $0.271938
• Class 1 Shares Series 11: $0.295688
• Class 1 Shares Series 13: $0.275875
• Class 1 Shares Series 15: $0.236625
• Class 1 Shares Series 17: $0.2375
• Class 1 Shares Series 19: $0.229688
• Class 1 Shares Series 21: $0.35
• Class 1 Shares Series 23: $0.303125
• Class 1 Shares Series 25: $0.29375

Positive

• Scheduled dividends may enhance shareholder income.
• Widespread availability of dividends may attract more 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 quarterly shareholders' dividends on the following non-cumulative preferred shares of Manulife Financial Corporation, payable on or after December 19, 2020 to shareholders of record at the close of business on November 23, 2020:

• 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 - $0.09767 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 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.

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SOURCE Manulife Financial Corporation

FAQ

What are the dividend amounts for MFC's preferred shares?

The dividends for MFC's preferred shares are: Class A Shares Series 2 - $0.29063, Series 3 - $0.28125, Class 1 Shares Series 3 - $0.136125, Series 4 - $0.09767, 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 MFC pay dividends on preferred shares?

MFC will pay dividends on preferred shares on December 19, 2020, to shareholders of record by November 23, 2020.

How often does MFC declare dividends?

MFC typically declares dividends on a quarterly basis.

Is the dividend payment by MFC sustainable?

The sustainability of MFC's dividend payments depends on the company's ongoing financial health and performance.