E Daily Stock Pick: Manulife Financial (MFC)

A portfolio of stocks I've been building since September 3 is named Volio. It will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the fourth of four financial services sector stocks striving to join my Volio folio. This could be the seventeenth pick for Volio!

That financial services sector includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns.

My subject today is a large-cap life insurance company named, Manulife Financial Corp. Their trading ticker symbol is MFC. This is my second report on MFC. I last reported on this company on May 23, 2019, for my Ivy portfolio.

Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia.

Manulife is one of Canada’s Big Three Life Insurance companies (the other two are Sun Life and Great West Life). Manulife also has asset management operations with assets under management or administration exceeding CAD $1 trillion.

Manulife Financial Corporation was founded in 1887 and is headquartered in Toronto, Canada.

I use three key data points to gauge dividend-paying equities or funds like

Manulife Financial Corporation (MFC):

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

MFC Price

Manulife's price per share closed at $20.13 yesterday. A year ago its price was $14.05. So, in the past year, its price moved up $6.08, or over 43.3%.

Assuming Manulife's stock trades in the range of $16 to $26 this next year, it's recent $20.13 price could rise by $0.87to reach $21.00 by late-December, 2020, assuming upward price momentum continues.

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Disclaimer:  

 

This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, recommendation or endorsement to buy or sell any security. Prices and returns on equities in this article except as noted are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling same.

 

Disclosure: This article was compiled by Rydlun & Co., LLC from data derived from www.ycharts. com; www.finance.yahoo.com; analyst median target price by YCharts.

Catch Your Underdog Daily Dividend on Facebook! At 8:45 AM every NYSE trading day on Facebook/ Dividend Dog Catcher. Fredrik Arnold does a quick live video summary of one stock contending for a weekly slot on his new Ivy portfolio. Today he followed this script on his Underdog Daily Dividend Show!

Always remember: Root for the Underdog. 

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