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Manulife USA To Keep Up Dividend Level

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NU Online News Service, June 6, 1:11 p.m. – The Manufacturers Life Insurance Company U.S.A., Boston, a unit of Manulife Financial Corp., Toronto, says it will maintain the policyholder dividend scale on its participating policies at current levels for the period from July 1, 2002, through June 30, 2003.

The U.S. participating policyholders will get about $363 million in dividend payments, up 4% from dividend payments for the previous 12 months, Manulife says.

Participating policies held by North American Life’s U.S. policyholders before the Chicago-based company’s 1996 merger with Manulife Financial are also included, the company says.