On 2/24/14, Manulife Financial Corp.'s Non-cumulative Rate Reset Class A Shares, Series 3 (TSX: MFC-PRC.TO) will trade ex-dividend, for its quarterly dividend of $0.2812, payable on 3/19/14. As a percentage of MFC.PRC's recent share price of $21.45, this dividend works out to approximately 1.31%, so look for shares of MFC.PRC to trade 1.31% lower — all else being equal — when MFC.PRC shares open for trading on 2/24/14. On an annualized basis, the current yield is approximately 5.24%.As of last close, MFC.PRC was trading at a 14.20% discount to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.The chart below shows the one year performance of MFC.PRC shares, versus MFC: Below is a dividend history chart for MFC.PRC, showing historical dividends prior to the most recent $0.2812 on Manulife Financial Corp.'s Non-cumulative Rate Reset Class A Shares, Series 3: According to the ETF Finder at ETF Channel, Manulife Financial Corp. (TSX: MFC.TO) makes up 1.12% of the SPDR S&P International Financial Sector ETF (IPF) which is trading relatively unchanged on the day Thursday. In Thursday trading, Manulife Financial Corp.'s Non-cumulative Rate Reset Class A Shares, Series 3 (TSX: MFC-PRC.TO) is currently trading flat on the day, while the common shares (TSX: MFC.TO) are trading flat.