MANULIFE(MFC)

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Manulife increases common shareholders' dividend by 10.0%
Prnewswire· 2025-02-19 22:04
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945TORONTO, Feb. 19, 2025 /PRNewswire/ - Manulife's Board of Directors today announced an increase of 10.0% or 4 cents per share to its quarterly common shareholders' dividend resulting in a dividend of $0.44 per share on the common shares of Manulife, payable on and after March 19, 2025, to shareholders of record at the close of business on March 5, 2025.In respect of the Company's Canadian ...
Manulife announces Normal Course Issuer Bid
Prnewswire· 2025-02-19 22:02
Core Viewpoint - Manulife Financial Corporation plans to initiate a Normal Course Issuer Bid (NCIB) to repurchase up to 51.5 million common shares, approximately 3% of its outstanding shares, to enhance shareholder value and manage capital effectively [1][3]. Group 1: NCIB Details - The NCIB allows Manulife to purchase up to 1,420,093 common shares daily on the TSX, which is 25% of the average daily trading volume of 5,680,374 shares over the past six months [2]. - The repurchase program is set to commence on February 24, 2025, and will continue until February 23, 2026, or until the maximum number of shares is repurchased [2]. - All shares acquired under the NCIB will be cancelled, and purchases will comply with Canadian and U.S. securities laws [4]. Group 2: Repurchase Flexibility - Manulife may also repurchase shares outside Canada and the U.S. and can acquire shares directly from other holders through private agreements, typically at a discount to market price [5]. - The company may engage in derivative-based programs to support its repurchase activities, including writing put options and entering into forward purchase agreements, subject to regulatory approval [5]. - Pre-defined plans with registered investment dealers may be established to facilitate repurchases during internal trading blackout periods [6]. Group 3: Previous NCIB Performance - In the previous NCIB (2024 NCIB), which started on February 23, 2024, Manulife repurchased 88,466,133 common shares at an average price of $39.11 per share, with the program set to expire on February 22, 2025 [7].
Manulife Reports Full Year and Fourth Quarter 2024 Results
Prnewswire· 2025-02-19 22:02
TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO, Feb. 19, 2025 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") reported banner full year and fourth quarter results for the period ended December 31, 2024, with record core earnings, 30%+ increases across top-line business metrics1, double-digit core EPS2 growth for the full year, as well as declaring a common share dividend increase of 10% ...
Manulife Financial Corporation announces Dividend Rates on Non-cumulative Rate Reset Class 1 Shares Series 19 and Non-cumulative Floating Rate Class 1 Shares Series 20
Prnewswire· 2025-02-18 21:05
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945TORONTO, Feb. 18, 2025 /PRNewswire/ - Manulife Financial Corporation ("Manulife") today announced the applicable dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 19 (the "Series 19 Preferred Shares") (TSX: MFC.PR.N) and Non-cumulative Floating Rate Class 1 Shares Series 20 (the "Series 20 Preferred Shares").With respect to any Series 19 Preferred S ...
Manulife Financial Corporation announces Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 19
Prnewswire· 2025-01-29 21:02
Core Viewpoint - Manulife Financial Corporation announced it will not redeem its Series 19 Preferred Shares on March 19, 2025, allowing holders to convert them into Series 20 Preferred Shares under certain conditions [1][2]. Group 1: Conversion Rights and Conditions - Holders of Series 19 Preferred Shares can convert them into Series 20 Preferred Shares on a one-for-one basis on March 19, 2025 [1]. - If there are fewer than 1,000,000 Series 19 Preferred Shares outstanding after March 4, 2025, all remaining Series 19 Preferred Shares will automatically convert into Series 20 Preferred Shares [2]. - Conversely, if there are fewer than 1,000,000 Series 20 Preferred Shares outstanding after March 4, 2025, no Series 19 Preferred Shares will be converted [2]. Group 2: Dividend Rates - The dividend rates for Series 19 Preferred Shares for the period from March 20, 2025, to March 19, 2030, and for Series 20 Preferred Shares for the period from March 20, 2025, to June 19, 2025, will be announced on February 18, 2025 [3]. Group 3: Redemption and Listing - Manulife may redeem Series 19 Preferred Shares on March 19, 2030, and every five years thereafter, and may redeem Series 20 Preferred Shares after March 19, 2025 [5]. - The Toronto Stock Exchange has conditionally approved the listing of Series 20 Preferred Shares, pending fulfillment of listing requirements [6]. Group 4: Company Overview - Manulife Financial Corporation is a leading international financial services provider, operating under the Manulife brand in Canada, Asia, and Europe, and as John Hancock in the United States [8][9]. - The company serves over 35 million customers globally and trades as 'MFC' on multiple stock exchanges [9].
Manulife to Release Fourth Quarter and Full Year 2024 Results
Prnewswire· 2025-01-29 13:00
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Jan. 29, 2025 /PRNewswire/ - Manulife Financial Corporation will release its fourth quarter and full year 2024 financial results after markets close on Wednesday, February 19, 2025, which will be made available at manulife.com/en/investors/results-and-reports. A live webcast and conference call are scheduled for Thursday, February 20, 2025, at 8:00 a.m. (E ...
Manulife Investment Management Announces Close of $480 million Forest Climate Fund
Prnewswire· 2025-01-27 14:23
BOSTON, Jan. 27, 2025 /PRNewswire/ - Manulife Investment Management, the leading timberland investment manager in the world, with more than five million acres under management, today announced the third and final close of Manulife Forest Climate Fund LP1,2 (the fund). Along with its affiliated offshore vehicles, the fund has closed with $480.1 million in commitments from a diverse mix of investors including qualified U.S. investors, corporates and global institutional investors interested in the opportunity ...
MFC Rallies 41.1% in a Year: A Signal for Investors to Hold Tight?
ZACKS· 2025-01-03 16:35
Manulife Financial Corporation’s (MFC) shares have rallied 41.1% in the past year compared with the industry's growth of 27.2%. The Finance sector and the Zacks S&P 500 index have returned 21.2% and 26.7%, respectively, in the said time frame. With a market capitalization of $53.21 billion, the average volume of shares traded in the last three months was 1.89 million. Currently priced at $30.52, the stock is slightly below its 52-week high of $33.07.MFC Outperforms Industry, Sector, S&P in a YearImage Sourc ...
John Hancock Investment Management Grows Active Fixed Income ETF Suite with Core and Core Plus Bond ETFs
Prnewswire· 2024-12-18 14:15
$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 BOSTON, Dec. 18, 2024 /PRNewswire/ - John Hancock Investment Management, a company of Manulife Wealth and Asset Management, announced today that it has launched John Hancock Core Bond ETF and John Hancock Core Plus Bond ETF. The new ETFs are actively managed and subadvised by Manulife Investment Management (US) LLC, John Hancock Investment Management's affiliated asset manager. "We're excited to expand our active ETFs and leverage the expertise of th ...
Manulife Financial Expected To Keep Rising On Insurance And Annuities Growth, Profitability
Seeking Alpha· 2024-12-17 07:39
The Future Investor with Albert Anthony is a new series of curated research articles on the Seeking Alpha platform, focusing on growing a diversified portfolio and unlocking future drivers of performance.Albert Anthony is the pen name of a contributing analyst who has covered over +200 stocks on this platform since 2023, growing to over 1.07K followers. Based on this new article series, he is also working on a new book on Amazon to be called The Future Investor: Growing a Diversified Portfolio (2025 edition ...