MV Capital | Manulife Announces Four Preferred Share Dividends Amid Stable Rate Environment

Manulife Financial Corporation declared dividends on four series of its preferred shares on Tuesday, with record dates set for November 20 and payments scheduled for December 19

Board Approves Dividend Payments for Preferred Shares

Manulife Financial Corporation’s board of directors approved a quarterly dividend of C$0.384938 per share for its Non-cumulative Rate Reset Class 1 Shares, Series 11. Holders of record at the close of business on November 20 are eligible for the payment, which is scheduled on or after December 19. The Series 11 shares, which carry a fixed annual dividend rate of 6.15900 percent, have traded on the Toronto Stock Exchange under the symbol MFC.PR.J since their issuance in March 2023 and will remain at that rate through March 2028.

$0.384938 per share quarterly

Manulife Financial Corporation board

The announcement also covered Series 9 preferred shares with a quarterly dividend of 0.3736 per share. Shares of record on November 20 qualify for this payment, which is due December 19. The Series 9 shares trade on the Toronto Stock Exchange under the symbol MFC.PR.I:CA.

Manulife simultaneously set dividends for two additional series. CV PFD-3 CL1 shares received a quarterly payout of $0.29 each. These shares, which trade under MFC.PR.F:CA, pay on December 19 to holders of record on November 20. The same day, Series 25 preferred shares will receive $0.3714 per share. The shares trade under MFC.PR.Q:CA.

Consistent Quarterly Payouts Across Series

The board’s decisions, announced on November 4 at 5:03 p.m. ET, align with the company’s established practice of maintaining steady distributions on its preferred-share portfolio. All four declarations reflect payouts scheduled for the same December 19 date, creating a coordinated distribution window for investors in these securities.

Series	Dividend Amount	Trading Symbol	Record Date	Payment Date
Series 11	C$0.384938	MFC.PR.J	November 20	On or after December 19
Series 9	0.3736	MFC.PR.I:CA	November 20	December 19
CV PFD-3 CL1	$0.29	MFC.PR.F:CA	November 20	December 19
Series 25	$0.3714	MFC.PR.Q:CA	November 20	December 19

Market Context for Preferred Shares

Preferred shares from Manulife Financial Corporation represent a segment of its equity offerings that offer fixed income characteristics with priority over common stock in dividend distributions. The recent declarations cover a mix of Canadian dollar and U.S. dollar denominated series, providing investors with options across currency and series structures. Each payout remains subject to the company’s overall financial performance and regulatory requirements for preferred-share distributions.