Monday Is Your Last Chance To Buy Manulife Financial Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Manulife Financial (NYSE:MFC) has announced a quarterly dividend of 36.5 cents per share. To be eligible for this dividend, shareholders must own the stock before the ex-dividend date, which is Tuesday. The dividend will be paid out on September 19, 2023.
August 17, 2023 | 2:45 pm
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Manulife Financial's stock may trade lower on Tuesday to reflect the dividend payout. However, the dividend announcement could attract investors looking for income, potentially supporting the stock price.
Dividend payouts typically result in a decrease in the stock price equivalent to the amount of the dividend. However, the announcement of a dividend can also attract new investors looking for income, which could support the stock price.
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