Manulife Financial Corporation’s Board of DirectorsÂ declared another dividend increase of10%Â quarterly.Â This brings the shareholders’ dividendÂ to $0.22 per share on the common shares of the Company, aÂ quarterly increase of $0.02 per share, payable on or after June 19, 2007 to shareholders of record at the close of business on May 15, 2007.
If you recall, we reported a previous increase in the Manulife dividend not too long ago.Â This is one of the reasons why Manulife Financial was selected as one of our Top 5 Unknown Dividend Plays and easily passes our How to Choose Dividend Growth Stocks screen.
More about Manulife (MFC)
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$426 billion (US$370 billion) asÂ of March 31, 2007.
Manulife Financial has a website on the Internet at http://www.manulife.com.