The company confirmed the 10.2% increase from its previous distribution of 44 cents per share. This adjustment brings the total annualized payout to $1.94, reflecting the firm's latest strategy for capital allocation.
In section Market Quotes
Manulife Financial Hikes Quarterly Dividend by 10.2%
Manulife Financial announced a double-digit increase to its quarterly dividend on Wednesday, raising the payout to 48.5 cents per share as it strengthens its commitment to shareholder returns.
Yield and Distribution Schedule
Based on Wednesday’s closing price of $37.89, the new dividend represents an annual yield of approximately 5.1%. According to the company's announcement, the payout will be issued to investors on or after March 19.To qualify for the payment, shareholders must be on the company’s records by the close of business on Feb. 25. The move comes as financial institutions continue to recalibrate their payout ratios in response to broader market performance.
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