StockWatch
·
Life Insurance
DividendMay 21, 2026, 04:43 PM

Manulife Announces Preferred Share Dividend Rates: Series 3 at 4.64%

AI Summary

Manulife Financial Corporation announced the dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 3 and Non-cumulative Floating Rate Class 1 Shares Series 4. The Series 3 preferred shares will receive a fixed rate of 4.64000% per annum (C$0.290000 per share quarterly) for the five-year period starting June 20, 2026. The Series 4 preferred shares will receive a floating rate of 0.94092% (3.73300% annualized) or C$0.235230 per share for the three-month period commencing June 20, 2026. Beneficial owners wishing to convert their shares must do so by June 4, 2026.

Key Highlights

  • Series 3 Preferred Shares dividend rate set at 4.64000% per annum.
  • Series 3 dividend is C$0.290000 per share per quarter.
  • Series 3 dividend period is June 20, 2026, to June 19, 2031.
  • Series 4 Preferred Shares dividend rate set at 0.94092% (3.73300% annualized).
  • Series 4 dividend is C$0.235230 per share for the quarter.
  • Series 4 dividend period is June 20, 2026, to September 19, 2026.
  • Conversion right exercise deadline for both series is June 4, 2026.