5 TSX-60 Stocks that Pay Dividends

3. Manulife Financial Corporation (NYSE:MFC)

Number of Hedge Fund Holders: 15

Dividend Yield as of April 27: 5.40%

Manulife Financial Corporation (NYSE:MFC) was incorporated in 1887 and is headquartered in Toronto, Canada. The company offers financial products and services in Asia, Canada, and the United States, operating via Wealth and Asset Management Businesses, Insurance and Annuity Products, and Corporate and Other segments.

On March 15, Manulife Financial Corporation (NYSE:MFC) announced a public offering in the United States of $750 million of 3.703% senior notes due 2032 at a price of 100%. The net proceeds will be used to finance green assets under the Manulife Sustainable Bond Framework. 

Desjardins analyst Doug Young raised the price target on Manulife Financial Corporation (NYSE:MFC) to C$30 from C$29 and reiterated a Buy rating on the shares on February 14.

According to Insider Monkey’s Q4 data, 15 hedge funds were bullish on Manulife Financial Corporation (NYSE:MFC), compared to 18 funds in the earlier quarter. Noam Gottesman’s GLG Partners is the largest shareholder of the company, with a position worth roughly $168 million.