Manulife Financial Corp. (TSE:MFC) declared a quarterly dividend on Thursday, November 10th. Stockholders of record on Tuesday, November 22nd will be paid a dividend of 0.185 per share on Monday, December 19th. This represents a $0.74 annualized dividend and a dividend yield of 3.68%.

Manulife Financial Corp. (TSE:MFC) opened at 20.09 on Thursday. The firm has a market cap of $39.64 billion and a price-to-earnings ratio of 15.94. The stock has a 50 day moving average of $19.08 and a 200 day moving average of $18.28. Manulife Financial Corp. has a one year low of $15.32 and a one year high of $22.65.

Dividend History for Manulife Financial Corp. (TSE:MFC)

MFC has been the topic of several analyst reports. Scotiabank reduced their price target on shares of Manulife Financial Corp. from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, August 5th. TD Securities reiterated a “hold” rating and set a C$19.00 price target on shares of Manulife Financial Corp. in a research report on Friday, August 5th. Barclays PLC reduced their price target on shares of Manulife Financial Corp. from C$20.00 to C$19.00 and set an “overweight” rating on the stock in a research report on Saturday, August 6th. BMO Capital Markets reduced their price target on shares of Manulife Financial Corp. from C$24.00 to C$21.00 in a research report on Saturday, August 6th. Finally, CIBC lowered shares of Manulife Financial Corp. from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$21.00 to C$19.00 in a research report on Saturday, August 6th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$21.08.

About Manulife Financial Corp.

Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company’s segments, including Asia Division, Canadian Division, U.S.

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