Manulife Announces New Dividend Rates for Preferred Shares

Manulife Financial (TSE:MFC) has released an update.

Manulife Financial Corporation has announced the dividend rates for its Series 17 and Series 18 Preferred Shares, citing a fixed rate of 5.542% annually for the Series 17 and a floating rate of 5.841% annually for the Series 18, effective from December 20, 2024. Investors holding Series 17 shares have the option to convert to Series 18 shares by early December. This move highlights Manulife’s strategic financial maneuvers aimed at bolstering investor confidence and market presence.

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