Manulife Sets Dividend Rates for Preferred Shares
Ticker: MNUFF · Form: 6-K · Filed: Nov 21, 2024 · CIK: 1086888
| Field | Detail |
|---|---|
| Company | Manulife Financial Corp (MNUFF) |
| Form Type | 6-K |
| Filed Date | Nov 21, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: dividend, preferred-shares, regulatory-filing
TL;DR
Manulife declared preferred share dividend rates: 6.50% for Series 17, 6.75% for Series 18, effective Nov 20, 2024.
AI Summary
Manulife Financial Corporation announced on November 20, 2024, the dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 17 and Non-cumulative Floating Rate Class 1 Shares Series 18. The dividend rate for Series 17 shares will be 6.50% per annum, and for Series 18 shares, it will be 6.75% per annum. These rates are effective for the period commencing November 20, 2024, and ending February 19, 2025.
Why It Matters
This announcement provides clarity on the dividend payouts for specific series of Manulife's preferred shares, impacting income investors and the company's cost of capital.
Risk Assessment
Risk Level: low — The filing is a routine announcement of dividend rates for preferred shares, which is standard corporate practice and does not indicate new or elevated risks.
Key Numbers
- 6.50% — Series 17 Dividend Rate (Annual dividend rate for Non-cumulative Rate Reset Class 1 Shares Series 17.)
- 6.75% — Series 18 Dividend Rate (Annual dividend rate for Non-cumulative Floating Rate Class 1 Shares Series 18.)
Key Players & Entities
- Manulife Financial Corporation (company) — Registrant
- November 20, 2024 (date) — Announcement Date
- November 20, 2024 (date) — Effective Date for Dividend Rates
- February 19, 2025 (date) — End Date for Dividend Period
- 6.50% (dollar_amount) — Dividend Rate for Series 17 Shares
- 6.75% (dollar_amount) — Dividend Rate for Series 18 Shares
FAQ
What are the specific dividend rates announced by Manulife Financial Corporation?
Manulife announced a dividend rate of 6.50% per annum for its Non-cumulative Rate Reset Class 1 Shares Series 17 and 6.75% per annum for its Non-cumulative Floating Rate Class 1 Shares Series 18.
When are these dividend rates effective?
The dividend rates are effective for the period commencing November 20, 2024.
What is the duration of the period for which these dividend rates apply?
The dividend rates apply for the period commencing November 20, 2024, and ending February 19, 2025.
Which specific classes and series of shares are affected by this announcement?
The announcement pertains to the Non-cumulative Rate Reset Class 1 Shares Series 17 and the Non-cumulative Floating Rate Class 1 Shares Series 18.
What type of filing is this and what is its purpose?
This is a Form 6-K filing, which is a Report of Foreign Private Issuer, used to announce material information such as dividend rates.
Filing Stats: 201 words · 1 min read · ~1 pages · Grade level 17.8 · Accepted 2024-11-20 18:09:56
Filing Documents
- d916400d6k.htm (6-K) — 9KB
- d916400dex991.htm (EX-99.1) — 10KB
- g916400g3g3.jpg (GRAPHIC) — 2KB
- 0001193125-24-262684.txt ( ) — 23KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MANULIFE FINANCIAL CORPORATION By: /s/ Scott MacIntosh Name: Scott MacIntosh Title: Assistant Corporate Secretary Date: November 20, 2024