Manulife Financial Co. (MFC) To Go Ex-Dividend on February 25th

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) declared a quarterly dividend on Wednesday, February 25th, TickerTech Dividends reports. Stockholders of record on Thursday, March 19th will be given a dividend of 0.485 per share by the financial services provider on Thursday, March 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, February 25th.

Manulife Financial Price Performance

Shares of MFC opened at C$50.16 on Monday. The stock has a 50-day moving average of C$50.77 and a 200-day moving average of C$47.02. The company has a market cap of C$84.11 billion, a PE ratio of 16.34, a P/E/G ratio of 1.01 and a beta of 0.99. Manulife Financial has a one year low of C$36.93 and a one year high of C$52.97.

Manulife Financial (TSE:MFC) (NYSE:MFC) last posted its quarterly earnings results on Wednesday, February 11th. The financial services provider reported C$1.12 earnings per share for the quarter. The business had revenue of C$22.03 billion for the quarter. Manulife Financial had a return on equity of 11.75% and a net margin of 12.52%. Analysts expect that Manulife Financial will post 3.6104452 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MFC. Barclays lifted their price target on shares of Manulife Financial from C$49.00 to C$52.00 in a research report on Friday, January 9th. Scotiabank raised their price objective on shares of Manulife Financial from C$55.00 to C$56.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Desjardins set a C$55.00 price objective on shares of Manulife Financial and gave the company a “buy” rating in a report on Thursday, December 18th. Canadian Imperial Bank of Commerce raised shares of Manulife Financial from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$50.00 to C$58.00 in a research report on Thursday, January 8th. Finally, Jefferies Financial Group upped their target price on shares of Manulife Financial from C$54.00 to C$58.00 in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Manulife Financial currently has a consensus rating of “Buy” and an average price target of C$55.63.

Manulife Financial Company Profile

Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada’s Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.