Manulife Financial (MFC) Tops Q2 EPS by 15c
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Manulife Financial (MFC) Appoints Rona Ambrose to Board
August 10, 2017 8:18 AM EDTManulife today announced that the Honourable Rona Ambrose has been appointed to its Board of Directors, effective September 1.
Ms. Ambrose is a former Leader of Canada's Official Opposition in the House of Commons and former leader of the Conservative Party of Canada. As a key member of the federal cabinet for a decade, she worked as Minister across nine Canadian government departments. Her service included the role of Vice Chair of the Treasury Board and... More
Manulife Financial (MFC) Declares $0.205 Quarterly Dividend; 4.1% Yield
August 10, 2017 8:17 AM EDTManulife Financial (NYSE: MFC) declared a quarterly dividend of $0.205 per share, or $0.82 annualized.
The dividend will be payable on September 19, 2017, to stockholders of record on August 22, 2017, with an ex-dividend date of August 18, 2017.
The annual yield on the dividend is 4.1 percent.
For a... More
Investors cool on Canadian banks, turn to insurers, amid housing fears
August 9, 2017 3:13 PM EDTBy Fergal Smith and Matt Scuffham
TORONTO (Reuters) - Investors are losing enthusiasm for Canada's banking stocks as a slowdown in the country's housing market dents banks' growth prospects, and they see insurance companies as a better bet to benefit from higher interest rates.
Home sales in Toronto, Canada's largest city, plummeted more than 40 percent in July from a year earlier and prices were down nearly 19 percent from April following the introduction of a range of measures designed to cool a housing market amid fears of a bubble, including a 15 percent tax on foreign buyers.
... More