MFC.TO - Manulife Financial Corporation

Toronto - Toronto Delayed Price. Currency in CAD
24.14
-0.14 (-0.58%)
At close: 4:00PM EDT
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Previous Close24.28
Open24.33
Bid24.14 x 0
Ask24.15 x 0
Day's Range24.08 - 24.36
52 Week Range18.33 - 25.18
Volume2,218,558
Avg. Volume4,501,319
Market Cap47.214B
Beta (3Y Monthly)1.64
PE Ratio (TTM)8.45
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.00 (4.12%)
Ex-Dividend Date2019-08-19
1y Target EstN/A
  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,427.18, up 8.79 points).Aphria Inc. (TSX:APHA). Health care. Down 76 cents, or 10.6 per cent, to $6.41 on 5.9 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down 23 cents, 4.63 per cent, to $4.74 on 5.2 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Up 11 cents, or 0.46 per cent, to $24.28 on five million shares.Encana Corp. (TSX:ECA). Energy. Down three cents, or 0.53 per cent, to $5.63 on 4.9 million shares.CannTrust Holdings Inc. (TSX:TRST). Health care. Down seven cents, or 3.85 per cent, to $1.75 on 4.2 million shares.B2Gold Corp. (TSX:BTO). Materials. Up four cents, or 0.95 per cent, to $4.23 on 4 million shares. Companies in the news:Air Canada (TSX:AC). Down 25 cents to $45.38. Several Canadian airlines have scrubbed the phrase "ladies and gentlemen" from their in-flight announcements — or are considering the change — replacing the gendered language with non-binary terminology as part of a broader shift toward corporate inclusivity. Air Transat said in an email it has stopped using the salutation as well as its French equivalent, "Mesdames et messieurs." Air Canada says it will do likewise, amending its on-board announcements "to modernize them and remove specific references to gender." Porter Airlines jettisoned "ladies and gentlemen" in 2018. WestJet Airlines Ltd. and Sunwing Airlines Inc. still include the time-worn phrase in their in-flight announcements, but say they are mulling an edit.Loblaw Companies Ltd. (TSX:L). Down 98 cents to $71.62. Canada's privacy commissioner says Loblaw Companies Ltd. initially collected too much personal information from some customers requesting a gift card tied to an alleged bread price-fixing scandal. The Office of the Privacy Commissioner of Canada says its investigation found Loblaw failed to explain to people that sensitive information like driver's licence numbers, birthdays and digital photos could be redacted, while a name and address were needed to verify an identity. Loblaw offered the $25 gift card as a goodwill gesture after admitting it participated in an alleged industry-wide arrangement to co-ordinate bread price increases.SIR Royalty Income Fund. (TSX:SRV.UN). Down $2.89, or 21 per cent, to $10.87. SIR Royalty Income Fund units fell to a multi-year low Wednesday after it warned that investor payouts will drop 16.7 per cent to reflect a drop in food and drink sales at its restaurants, which include the Jack Astors chain. SIR said same-store sales for its operating company's fourth quarter, which ended Aug. 25, were down 5.9 per cent and didn't improve during the first four weeks of its 2020 financial year. As a result, the trust will lower the monthly cash distributions to be paid on SIR Royalty units by 1.75 cents to 8.75 cents per unit, starting in November, down from 10.5 cents per unit.Hexo Corp. (TSX:HEXO). Down 12 cents or 3.56 per cent to $3.25. Cannabis company Hexo Corp. is moving to undercut prices in the illicit market with a new 28-gram product that costs consumers as much as one dollar less per gram than at the average illegal dispensary. The product, under the brand Original Stash, which will be on sale in Quebec cannabis stores starting Thursday for $125.70, or $4.49 per gram, including taxes, the company said. That's cheaper than the average cost of a gram of cannabis at $7.37 per gram during the third quarter, with the price of legal and illegal weed at $10.23 and $5.59 per gram, respectively, according to the latest Statistics Canada analysis of crowdsourced data. This report by The Canadian Press was first published Oct. 16, 2019.The Canadian Press

  • 3 Forever Stocks to Buy and Hold for 30 Years
    The Motley Fool

    3 Forever Stocks to Buy and Hold for 30 Years

    Thomson Reuters Corp (TSX:TRI)(NYSE:TRI), Sun Life Financial Inc (TSX:SLF)(NYSE:SLF), and Manulife Financial Corp (TSX:MFC)(NYSE:MFC) are ideal buy-and-hold stocks.

  • Canadians: Do You Have This Top 10 TSX Stock in Your Portfolio?
    The Motley Fool

    Canadians: Do You Have This Top 10 TSX Stock in Your Portfolio?

    Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) is a good stock for an RRSP or TFSA. Buy it today to diversify your portfolio.

  • Young Canadians: 3 TFSA Tips to Boost Your After-Tax Income
    The Motley Fool

    Young Canadians: 3 TFSA Tips to Boost Your After-Tax Income

    Young Canadians who are good savers can boost after-tax income through Fortis Inc. (TSX:FTS)(NYSE:FTS), Manulife Financial Corporation (TSX:MFC)(NYSE:MFC), and True North Commercial Real Estate Investment Trust (TSX:TNT.UN).

  • What Kind Of Shareholders Own Manulife Financial Corporation (TSE:MFC)?
    Simply Wall St.

    What Kind Of Shareholders Own Manulife Financial Corporation (TSE:MFC)?

    A look at the shareholders of Manulife Financial Corporation (TSE:MFC) can tell us which group is most powerful...

  • TFSA Investors: 2 Dividend Stocks to Buy Before 2020
    The Motley Fool

    TFSA Investors: 2 Dividend Stocks to Buy Before 2020

    Sun Life Financial Inc. (TSX:SLF)(NYSE:SLF) and Manulife Financial Corp. (TSX:MFC)(NYSE:MFC) stocks should be in your TFSA as insurance in Asia booms.

  • Aramco Is Set to Formally Announce Listing Plan Next Month
    Bloomberg

    Aramco Is Set to Formally Announce Listing Plan Next Month

    (Bloomberg) -- Saudi Aramco will kick off its much-anticipated initial public offering next month as the oil giant recovers faster than expected from the biggest terror attacks in its history.The state-run company plans to announce its intention to float around Oct. 20, according to people with knowledge of the matter. The firm, which is holding analyst meetings from Wednesday, is targeting a valuation of at least $2 trillion -- more than double that of Apple Inc.Aramco’s listing on the Saudi stock exchange could take place as early as November, though the timetable hasn’t been finalized, one of the people said, asking not to be identified because the information is private.. The IPO preparations come as the company took its production capacity back above 11 million barrels a day, beating its own target by about a week, other people said.Flat OutBanks are working flat out to get the mammoth IPO done after drone and missile attacks on two Aramco facilities on Sept. 14 caused a record surge in oil prices and risked delaying the deal for a second time. A $2 trillion valuation would make Aramco’s the world’s most valuable firm and mark a victory for the offering’s architect, Crown Prince Mohammed Bin Salman, who first mooted the idea in 2016. Some analysts see a $1.5 trillion valuation as more realistic.“Aramco seems to be making all efforts to restore full production as soon as possible, both to reassure its clients that it is a reliable supplier and to avoid any IPO delays,” said Richard Segal, a London-based senior emerging-markets analyst at Manulife Asset Management. “Listing in a couple months is realistic on the assumption that the paperwork is ready. They’ve had plenty of time for this.”The eventual timing of the share sale and other details will depend on market conditions and investor demand, the people said. Aramco didn’t immediately respond to requests for comment.Analyst MeetingsMore than 100 investment bankers, government officials and Aramco executives are gathering for two days of analyst presentations at the company’s headquarters in Dhahran in the kingdom’s Eastern Province, the people said. Members of Aramco’s management are presenting to banks’ research teams and global coordinators are briefing executives at the firm, they said.At the same time, Aramco has been working hard to restore total production capacity, while maintaining normal supplies to customers by tapping inventories and ramping up other fields. The state-run company has now restored production at the Abqaiq processing facility and Khurais oil field to levels seen before the attack, according to people with knowledge of the situation.(Updates with analyst quote in fifth paragraph.)To contact the reporters on this story: Matthew Martin in Dubai at mmartin128@bloomberg.net;Dinesh Nair in London at dnair5@bloomberg.net;Archana Narayanan in Dubai at anarayanan16@bloomberg.net;Anthony DiPaola in Dubai at adipaola@bloomberg.netTo contact the editors responsible for this story: Ben Scent at bscent@bloomberg.net, Stefania Bianchi, Shaji MathewFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Baystreet

    Stocks in play: Manulife

    Said its Investment Management division today announced the establishment of an office in Dublin, Ireland. ...

  • Why Manulife (TSX:MFC) Stock Fell 4% in August
    The Motley Fool

    Why Manulife (TSX:MFC) Stock Fell 4% in August

    Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) stock fell 4% in August, but if you're worried about a downturn, this might be the place to hide.

  • What Is Manulife Financial Corporation's (TSE:MFC) Share Price Doing?
    Simply Wall St.

    What Is Manulife Financial Corporation's (TSE:MFC) Share Price Doing?

    Manulife Financial Corporation (TSE:MFC) saw a double-digit share price rise of over 10% in the past couple of months...

  • Why Sun Life Financial (TSX:SLF) Stock Rose 6% in August
    The Motley Fool

    Why Sun Life Financial (TSX:SLF) Stock Rose 6% in August

    Sun Life Financial Inc (TSX:SLF)(NYSE:SLF) shares have gained 12% since the beginning of August. Find out what's led to their continued outperformance.

  • 3 Dividend Aristocrats to Earn You Passive Income
    The Motley Fool

    3 Dividend Aristocrats to Earn You Passive Income

    Telus Corporation (TSX:T)(NYSE:TU) will earn investors a superior return over time and provide much of those returns back in the form of a dividend.

  • Battle of the Financials: Manulife Financial (TSX:MFC) (USA) vs. the Big 6 Banks: Which Should You Buy?
    The Motley Fool

    Battle of the Financials: Manulife Financial (TSX:MFC) (USA) vs. the Big 6 Banks: Which Should You Buy?

    Should you buy a bank like CIBC (TSX:CM)(NYSE:CM) or an insurer for cheap investment income?

  • Retirees: Save Your Nest Egg From a Bear Market
    The Motley Fool

    Retirees: Save Your Nest Egg From a Bear Market

    Saving the nest egg from the coming bear market should be a retiree’s priority. If Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) is included in your portfolio, you’ll be in a better position to overcome an economic downturn.

  • Manulife Financial (TSX:MFC): Retire Early With This Cash-Rich Dividend Stock
    The Motley Fool

    Manulife Financial (TSX:MFC): Retire Early With This Cash-Rich Dividend Stock

    Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) is poised to ride the Asian growth wave, and smart investors will do well to latch on to its coattails.

  • 3 Top Value Stocks to Buy Now
    The Motley Fool

    3 Top Value Stocks to Buy Now

    Royal Bank of Canada (TSX:RY)(NYSE:RY) and these two other stocks offer investors a great way to make long-term cash.

  • How Does Manulife Financial Corporation (TSE:MFC) Fare As A Dividend Stock?
    Simply Wall St.

    How Does Manulife Financial Corporation (TSE:MFC) Fare As A Dividend Stock?

    Dividend paying stocks like Manulife Financial Corporation (TSE:MFC) tend to be popular with investors, and for good...

  • Baystreet

    Stocks in play: Manulife Financial

    Said its Investment Management arm has been recognized with top scores (A+ and A) in all submitted categories ...

  • 1 Excellent Stock That Just Went on Sale
    The Motley Fool

    1 Excellent Stock That Just Went on Sale

    The companies you choose for your portfolio must have good value. Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) might be that stock that you should invest in right now – and it just went on sale!