Canada's Manulife Financial Corp. (MFC.TO,MFC) reported Thursday that its second-quarter net income attributed to shareholders declined to C$600 million or C$0.29 per share from last year's C$943 million or C$0.49 per share.
Core earnings, which excluded certain items, was C$902 million or C$0.44 per share, compared to C$701 million or C$0.36 per share a year ago. On average, 6 analysts polled by Thomson Reuters expected earnings of C$0.44 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue was C$1.12 billion, compared to C$13.23 billion in the comparable quarter last year.
Separately, the company approved a quarterly shareholders' dividend of $0.17 per share on the common shares of Manulife Financial Corporation, payable on and after September 21, 2015 to shareholders of record at the close of business on August 18, 2015.
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