An anonymous director reports
MANULIFE INCREASES COMMON SHAREHOLDERS' DIVIDEND BY 12%
Manulife Financial Corp.'s board of directors has made an increase of 12 per cent or three cents per share to its quarterly common share dividend, resulting in a dividend of 28 cents per share on the common shares of Manulife, payable on and after March 19, 2020, to shareholders of record at the close of business on Feb. 25, 2020.
In respect of the company's Canadian dividend reinvestment and share purchase plan, and its U.S. dividend reinvestment and share purchase plan, the company will purchase common shares on the open market in connection with the reinvestment of dividends and optional cash purchases under these plans commencing with the March 19, 2020, dividend. The purchase price of these common shares will be based on the average of the actual cost to purchase them and there are no applicable discounts. This is a change from the quarterly common share dividend payments made from Dec. 19, 2018, to Dec. 19, 2019, when the company issued common shares from treasury in connection with the plans, with a discount of 2 per cent from the market price, as determined pursuant to the applicable plan, for reinvested dividends.
Manulife Financial is a leading international financial services group that helps people make their decisions easier and lives better. With its global headquarters in Toronto, Canada, the company operates as Manulife across its offices in Canada, Asia and Europe, and primarily as John Hancock in the United States.
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