Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) announced a quarterly dividend on Wednesday, November 8th, RTT News reports. Stockholders of record on Tuesday, November 21st will be paid a dividend of 0.205 per share by the financial services provider on Tuesday, December 19th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Monday, November 20th.
Shares of Manulife Financial Corp. (TSE:MFC) opened at C$26.70 on Wednesday. Manulife Financial Corp. has a 1-year low of C$22.39 and a 1-year high of C$27.50.
In other Manulife Financial Corp. news, insider Marianne Harrison sold 3,703 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of C$24.26, for a total transaction of C$89,834.78.
Several equities research analysts recently issued reports on the company. National Bank Financial boosted their price target on Manulife Financial Corp. from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Thursday, August 10th. Royal Bank Of Canada boosted their price target on Manulife Financial Corp. from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. BMO Capital Markets reiterated an “outperform” rating and issued a C$30.00 price target on shares of Manulife Financial Corp. in a research note on Wednesday, October 11th. CSFB boosted their price target on Manulife Financial Corp. from C$28.00 to C$31.00 in a research note on Wednesday, November 1st. Finally, Scotiabank boosted their price target on Manulife Financial Corp. from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$28.83.
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About Manulife Financial Corp.
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.
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