Manulife Financial Co. (TSE:MFC) Declares $0.49 Quarterly Dividend

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) declared a quarterly dividend on Wednesday, February 25th, TickerTech Dividends reports. Shareholders of record on Thursday, March 19th will be paid a dividend of 0.485 per share by the financial services provider on Thursday, March 19th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, February 25th.

Manulife Financial Stock Performance

Shares of MFC stock opened at C$50.16 on Monday. Manulife Financial has a 1 year low of C$36.93 and a 1 year high of C$52.97. The business’s fifty day moving average is C$50.77 and its 200-day moving average is C$47.02. The stock has a market cap of C$84.11 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99.

Manulife Financial (TSE:MFC) (NYSE:MFC) last announced its quarterly earnings data on Wednesday, February 11th. The financial services provider reported C$1.12 earnings per share for the quarter. Manulife Financial had a return on equity of 11.75% and a net margin of 12.52%.The business had revenue of C$22.03 billion during the quarter. Equities research analysts predict that Manulife Financial will post 3.6104452 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group upped their price target on shares of Manulife Financial from C$54.00 to C$58.00 in a report on Monday, February 2nd. TD Securities cut their target price on shares of Manulife Financial from C$60.00 to C$59.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Desjardins set a C$55.00 target price on shares of Manulife Financial and gave the stock a “buy” rating in a report on Thursday, December 18th. Royal Bank Of Canada lifted their price target on shares of Manulife Financial from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce raised Manulife Financial from a “hold” rating to an “outperform” rating and upped their price target for the company from C$50.00 to C$58.00 in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$55.63.

Manulife Financial Company Profile

Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada’s Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.