Manulife declares preferred share dividends

Rhea-AI Summary

Manulife Financial Corporation (MFC) announced dividends for its non-cumulative preferred shares, to be paid on or after March 19, 2022. Shareholders on record as of February 23, 2022 will receive varying amounts per share across different classes. For instance, Class A Shares Series 2 will pay $0.29063 per share, while Class 1 Shares Series 23 will pay $0.303125 per share. This announcement reflects Manulife's commitment to returning value to shareholders amidst its operational success in key markets.

Positive

• Dividends announced for multiple preferred share classes, indicating strong shareholder returns.
• Class A Shares Series 2 will pay $0.29063 per share, affirming positive cash flow.

Negative

• None.

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

TORONTO, Feb. 9, 2022 /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, 2022 to shareholders of record at the close of business on February 23, 2022:

• Class A Shares Series 2 - $0.29063 per share
• Class A Shares Series 3 - $0.28125 per share
• Class 1 Shares Series 3 - $0.14675 per share
• Class 1 Shares Series 4 - $0.096965 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 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 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 payout date for MFC's preferred shares?

The dividends for MFC's preferred shares are payable on or after March 19, 2022.

What are the dividend amounts for MFC preferred shares?

The dividend amounts vary; for example, Class A Shares Series 2 pays $0.29063 per share, and Class 1 Shares Series 23 pays $0.303125 per share.

Who is eligible for MFC's dividend payments?

Shareholders on record as of February 23, 2022, are eligible for MFC's dividend payments.