Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) announced a quarterly dividend on Wednesday, February 7th, RTT News reports. Investors of record on Wednesday, February 21st will be paid a dividend of 0.22 per share by the financial services provider on Monday, March 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.51%. This is an increase from Manulife Financial’s previous quarterly dividend of $0.21.

Shares of Manulife Financial (TSE:MFC) traded down C$0.03 during midday trading on Wednesday, hitting C$25.07. 5,230,000 shares of the company were exchanged, compared to its average volume of 3,340,000. Manulife Financial has a fifty-two week low of C$22.39 and a fifty-two week high of C$27.60. The company has a market capitalization of $49,680.00, a PE ratio of 13.77 and a beta of 0.92.

Manulife Financial (TSE:MFC) (NYSE:MFC) last issued its quarterly earnings data on Wednesday, November 8th. The financial services provider reported C$0.53 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.51 by C$0.02. Manulife Financial had a net margin of 10.53% and a return on equity of 10.81%. The business had revenue of C$11.93 billion for the quarter.

A number of equities research analysts recently weighed in on MFC shares. BMO Capital Markets restated an “outperform” rating and set a C$30.00 price objective on shares of Manulife Financial in a research note on Wednesday, October 11th. CSFB boosted their price target on shares of Manulife Financial from C$28.00 to C$31.00 in a research report on Wednesday, November 1st. National Bank Financial boosted their price target on shares of Manulife Financial from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 9th. Royal Bank of Canada boosted their price target on shares of Manulife Financial from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, Scotiabank boosted their price target on shares of Manulife Financial from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$30.10.

In related news, Director Rocco Gori purchased 60,694 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price of C$26.70 per share, with a total value of C$1,620,529.80. Also, Director P. Thomas Jenkins sold 4,500 shares of Manulife Financial stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$21.09, for a total value of C$94,905.00.

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Manulife Financial Company Profile

Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.

Dividend History for Manulife Financial (TSE:MFC)

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