Manulife Financial (MFC) Declares $0.205 Quarterly Dividend; 4.1% Yield
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Go back to Manulife Financial (MFC) Declares $0.205 Quarterly Dividend; 4.1% Yield
August 10, 2017 8:18 AM EDT
Manulife 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
August 9, 2017 5:25 PM EDT
Manulife Financial (NYSE: MFC) reported Q2 EPS of $0.57, $0.15 better than the analyst estimate of $0.42.
For earnings history and earnings-related data on Manulife Financial (MFC) click here.
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August 9, 2017 3:13 PM EDT
By 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.
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