Manulife Financial Increases Quarterly Dividend 9.6%
Provided by
Dow Jones
By Ben Glickman
Manulife Financial raised its quarterly dividend 9.6%.
The Canadian financial services provider on Wednesday declared a dividend of 40 Canadian cents (30 cents) a share, compared with a previous payout of 36.5 Canadian cents.
The new payout, equal to C$1.60 a year, represents an annual payout of 5.2% on Toronto-traded shares, based on the Wednesday closing price of $30.67.
The dividend is payable March 19 to shareholders of record Feb. 28.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
February 14, 2024 17:37 ET (22:37 GMT)
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