Image Source: Pixabay

Manulife Financial Corp (MFC) provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia.

Its investment management business contributes approximately 20% of its earnings and has around CAD 1.05 trillion in assets under management and administration as of the end of 2023.

The US business, which primarily operates under the John Hancock brand, contributes about 27% of earnings and is mainly focused on providing insurance products for estate, business, and income protection.

The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings.

The Canadian business segment contributes approximately 23% of earnings.

The company also manages timberland and agricultural portfolios; and engages in insurance agency, investment counseling and dealer, portfolio and mutual fund management, property and casualty insurance, and mutual fund dealer businesses.

In addition, it provides integrated banking products and services.

The company was incorporated in 1887 and is headquartered in Toronto, Canada.

Three key data points gauge Manulife or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

MFC Price

Manalife’s share price rose about 21% in the past year from $24.69 to $30.02 as of Tuesday’s market close.

In the past 3 years the company’s share price has ranged from $15.36 to $32.90, its all-time high of $46.93 was reached October 31, 2007.

If the company conforms to the average annual price gain over the past 25 years, the price will grow from $0.98 to $31.00.

MFC Dividend

Manulife has paid variable quarterly dividends since July 7, 2000. The company’s most recent Q dividend of $0.29 was declared on November 6th  for shareholders of record prior to November 20th, and the payout was made on December 19th. A forward-looking annual dividend of $1.15 yields 3.82% per Tuesday’s closing price.

MFC Returns

Putting it all together, a $2.13 estimated gross gain per share shows up by adding MFC’s annual $1.15 dividend to the estimated $0.98 annual price gain, totaling that $2.13 gross amount.

A little over $1000 buys 33 shares at Tuesday’s $30.02 share price.

A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.30 per share out of the $2.13 gross gain to give us a net $1.83 amount per share to multiply by 33, to equal $60.39 for about a 6.4% estimated net gain on the year.

Furthermore, the $38.20 annual dividend income from $1k invested in MFC is over $8.00 greater than the single-share price. By these numbers, Manulife Financial Corporation may be an ideal dividend dog.

Therefore, you may choose to pounce on MFC as a 137-year-old quarterly dividend-paying insurance and investment management company with a 25-year dividend record.

The exact track of Manulife’s future price and dividend will entirely be determined by market action and company finances.

Remember the best way to track stock performance and dividend payments is through direct ownership of company shares.

More By This Author:

Current Report: Ituran Location And Control Ltd
Current Report: AllianceBernstrein
Stock Analysis: Nippon Electric Glass