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Manulife increases common shareholders' dividend by 10.2%
Prnewswire· 2026-02-11 22:03
Core Viewpoint - Manulife Financial Corporation has announced a 10.2% increase in its quarterly common shareholders' dividend, raising it to $0.485 per share, effective March 19, 2026 [1]. Group 1: Dividend Announcement - The Board of Directors declared a dividend increase of 4.5 cents per share, resulting in a new dividend of $0.485 per share [1]. - The dividend is payable to shareholders of record as of February 25, 2026 [1]. - The company will purchase common shares on the open market for its Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, with no applicable discounts on the purchase price [1]. Group 2: Company Overview - Manulife is a leading international financial services provider, operating under the name Manulife in Canada, Asia, and Europe, and as John Hancock in the United States [1]. - The company offers financial advice, insurance, and investment services, serving over 36 million customers globally [1]. - As of the end of 2024, Manulife had more than 37,000 employees and over 109,000 agents [1].
Morgan Stanley Raises Manulife (MFC) Price Target to $50, Maintains Equal Weight
Yahoo Finance· 2025-11-21 06:27
Core Insights - Manulife Financial Corporation (NYSE:MFC) is recognized as one of the 13 Best Canadian Dividend Stocks for long-term investment [1] - Morgan Stanley has raised its price target for Manulife to $50 from $47 while maintaining an Equal Weight rating, indicating a positive outlook based on updated insurance sector models [2] - The company reported core revenue of over $2.1 billion in Q3 2025, reflecting a 10% increase on a constant exchange rate (CER) basis compared to Q3 2024 [3] Financial Performance - Net income attributable to shareholders for Q3 2025 was $1.8 billion, remaining stable compared to the same period last year [3] - Global Wealth and Asset Management faced net outflows of $6.2 billion, contrasting with net inflows of $5.2 billion in Q3 2024 [3] Strategic Outlook - Management has reaffirmed its targets for 2027, aiming for a core return on equity (ROE) above 18% [4] - The company anticipates its joint venture in India to be fully operational within 12 to 18 months, including the necessary regulatory approvals [4] - Manulife projects remittances of approximately $6 billion for 2025, aligning with its goal of achieving at least $22 billion cumulatively by 2027 [4] Company Overview - Manulife Financial Corporation is a global financial services provider, offering a wide range of products including financial advice, insurance, and wealth and asset management solutions for various clients [5]