Manulife Financial Corporation Announces Quarterly Dividend for Class 1 Non-Cumulative Preferred Shares
Manulife Financial Corporation has declared a quarterly dividend of $0.3736 per share for its Class 1 non-cumulative preferred shares (MFC.PR.I:CA). The distribution represents a forward yield of approximately 5.86%. The dividend is scheduled to be paid on December 19, with the ex-dividend date and record date both set for November 20. This announcement follows recent market activity involving Manulife, including a rating downgrade by Scotiabank relative to Sun Life and a $750 million public offering of subordinated notes.
Topics: analyst downgrade debt offering dividend declaration earnings call