Manulife Financial Co. (TSE:MFC) Announces Quarterly Dividend of $0.48

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) announced a quarterly dividend on Friday, August 21st, TickerTech Dividends reports. Stockholders of record on Monday, September 21st will be paid a dividend of 0.485 per share by the financial services provider on Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, August 21st.

Manulife Financial Stock Performance

Shares of Manulife Financial stock opened at C$61.26 on Wednesday. The company has a quick ratio of 2.58, a current ratio of 2.36 and a debt-to-equity ratio of 26.52. The stock’s fifty day moving average is C$59.52 and its two-hundred day moving average is C$53.78. Manulife Financial has a 52 week low of C$41.22 and a 52 week high of C$63.58. The company has a market capitalization of C$101.65 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71.

Manulife Financial (TSE:MFC) (NYSE:MFC) last issued its earnings results on Wednesday, August 5th. The financial services provider reported C$1.09 EPS for the quarter. Manulife Financial had a net margin of 11.62% and a return on equity of 12.98%. The business had revenue of C$20.34 billion for the quarter. As a group, analysts expect that Manulife Financial will post 3.6104452 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Anthony Alex Silva acquired 2,334 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average price of C$53.16 per share, with a total value of C$124,075.44. Following the purchase, the director directly owned 8,175 shares of the company’s stock, valued at C$434,583. This trade represents a 39.96% increase in their ownership of the stock. Also, Director Eileen Cloherty sold 6,500 shares of Manulife Financial stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$53.45, for a total transaction of C$347,425.00. Following the completion of the transaction, the director directly owned 3,412 shares of the company’s stock, valued at C$182,371.40. The trade was a 65.58% decrease in their position. In the last quarter, insiders sold 125,677 shares of company stock worth $6,804,476. Corporate insiders own 0.03% of the company’s stock.

About Manulife Financial

Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com. One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities.