MFC has been the topic of several other reports. BMO Capital Markets dropped their target price on Manulife Financial Corp. from C$24.00 to C$21.00 in a report on Saturday, August 6th. Desjardins set a C$21.00 target price on Manulife Financial Corp. and gave the company a buy rating in a report on Saturday, August 6th. RBC Capital Markets dropped their target price on Manulife Financial Corp. from C$22.00 to C$21.00 and set an outperform rating on the stock in a report on Saturday, August 6th. CIBC downgraded Manulife Financial Corp. from an outperform rating to a sector perform rating and dropped their target price for the company from C$21.00 to C$19.00 in a report on Saturday, August 6th. Finally, TD Securities reiterated a hold rating and set a C$19.00 target price on shares of Manulife Financial Corp. in a report on Friday, August 5th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Manulife Financial Corp. currently has a consensus rating of Buy and an average target price of C$20.85.
The company also recently declared a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Tuesday, August 16th were issued a $0.185 dividend. The ex-dividend date was Friday, August 12th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.88%.
About Manulife Financial Corp.
Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company’s segments, including Asia Division, Canadian Division, U.S.
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