Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Manulife Financial ( (TSE:MFC) ) has shared an announcement.
Manulife Financial Corporation has announced the dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 19 and Non-cumulative Floating Rate Class 1 Shares Series 20. The Series 19 Preferred Shares will offer a fixed rate of 5.16900% per annum for the five-year period starting March 20, 2025, while the Series 20 Preferred Shares, subject to conversion conditions, will offer a floating rate of 5.13500% on an annualized basis for the initial three-month period. The Toronto Stock Exchange has conditionally approved the listing of Series 20, pending all listing requirements. This announcement impacts shareholders by detailing the dividend returns and potential for conversion, which could influence investment strategies and market positioning.
More about Manulife Financial
YTD Price Performance: -2.72%
Average Trading Volume: 2,018,651
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $51.9B
For detailed information about MFC stock, go to TipRanks’ Stock Analysis page.
