Manulife Financial Co. (TSE:MFC) Plans Quarterly Dividend of $0.48

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) announced a quarterly dividend on Friday, August 21st, TickerTech Dividends reports. Shareholders of record on Monday, September 21st will be paid a dividend of 0.485 per share by the financial services provider on Monday, September 21st. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 21st.

Manulife Financial Stock Down 0.2%

Manulife Financial stock opened at C$61.26 on Wednesday. Manulife Financial has a 12 month low of C$41.22 and a 12 month high of C$63.58. The stock has a fifty day simple moving average of C$59.52 and a two-hundred day simple moving average of C$53.78. The company has a current ratio of 2.36, a quick ratio of 2.58 and a debt-to-equity ratio of 26.52. The firm has a market cap of C$101.65 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 1.01 and a beta of 0.71.

Manulife Financial (TSE:MFC) (NYSE:MFC) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported C$1.09 earnings per share (EPS) for the quarter. Manulife Financial had a return on equity of 12.98% and a net margin of 11.62%.The firm had revenue of C$20.34 billion for the quarter. Equities analysts predict that Manulife Financial will post 3.6104452 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MFC shares. BMO Capital Markets boosted their target price on Manulife Financial from C$67.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Jefferies Financial Group raised their price target on shares of Manulife Financial from C$61.00 to C$70.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Barclays lifted their price target on shares of Manulife Financial from C$56.00 to C$59.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. TD boosted their price objective on shares of Manulife Financial from C$65.00 to C$67.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Desjardins increased their price objective on shares of Manulife Financial from C$63.00 to C$68.00 and gave the company a “buy” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$66.00.

Manulife Financial Company Profile

Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com. One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities.