E Daily Stock Pick: Manulife Financial - Thursday, May 23

MFC Dividends

Manulife's most recent declared quarterly dividend was $0.186 declared May 1st and payable, Jun 19th.

That $0.186 Quarterly dividend equates to an annual payout of $0.744 for a yield of 4.24% at yesterday's $17.56 closing price.

Gains For MAIN?

Adding a $0.74 annual estimated dividend to my $1.44 estimate of Manulife's price upside shows a $2.18 potential gross annual gain, per share, which will be reduced by costs to trade those shares.

Say we pay a little over $1,000.00 today at the $17.56 recent stock price would buy us 57 Manulife Financial Corp shares.

A $10 broker fee paid half at purchase and half at sale will cost us $0.18 per share.

Subtract that $0.18 brokerage cost from the estimated $2.18 gross annual gain leaves a net gain of $2.00 X 57 shares = $114.00 or a 11.4% net gain on a $1,000.92 investment.

Therefore, Manulife Financial Corp whose trading ticker symbol is MFC now shows a possible net gain of 11.4% including a 4.24% dividend yield.

Eighteen brokers cover Manulife Financial Corp (MFC) stock:

Six say "buy" MFC.

Nine say MFC will "outperform".

Three say "hold" MFC.

The consensus score is 2.83 or "outperform".

Therefore, you can look at Manulife Financial Corp and see it has made money, is making money, and could net an 11.4% gain including a 4.24% dividend yield. It could be more, it could be less.   

The above speculation is based on past year performance. The actual results remain to be seen to determine if Manulife Financial Corp is worth your time and money.

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Disclosure: This article was compiled by Rydlun & ...

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