Manulife Financial Corporation announces Dividend Rates on Non-cumulative Rate Reset Class 1 Shares Series 17 and Non-cumulative Floating Rate Class 1 Shares Series 18
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Manulife Financial Corporation announced dividend rates for its Series 17 and Series 18 preferred shares. The Series 17 shares will offer fixed rate non-cumulative dividends post-December 19, 2024.
November 20, 2024 | 11:00 pm
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Manulife Financial Corporation announced dividend rates for its Series 17 and Series 18 preferred shares. The Series 17 shares will offer fixed rate non-cumulative dividends post-December 19, 2024.
The announcement of dividend rates for preferred shares is significant for investors holding these shares, as it impacts their expected returns. However, the impact on the common stock price of Manulife (MFC) is likely neutral in the short term, as this news pertains specifically to preferred shares and not the common stock.
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