Manulife profits fall but dividend is boosted

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Manulife Financial Corp has announced its first quarter results and revealed that tough times for investments have cut its profits. The insurer reported that its net profit was down to $723 million (36 cents per share) from $818 million (42 cents per share) a year ago. The company’s chief financial officer said that investments did not work out as expected due to market conditions especially gas and oil holdings. The core insurance activity of the company did increase profit though and Manulife shareholders will receive a dividend of 17 cents per share after a surprise 10 per cent increase was announced.
 
  • Kent Farnsworth on 2015-05-08 10:07:21 AM

    Anyone else here have issues with MPP paying out valid claims to your clients?

  • Darr Robbins on 2015-05-08 10:42:51 AM

    CEO's & CFO's are still up to their old tricks to support share prices. Combine bad results with a higher dividend and the hoodwink is complete. Soon the payout ratio will be 100%. Howabout leveraging your balance sheet with cheap debt to repurchase shares and artificially boost EPS? Oops, been there, done that.

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