Manulife Financial Dividends and Buybacks
Dividend criteria checks 5/6
Manulife Financial is a dividend paying company with a current yield of 3.53% that is well covered by earnings. Next payment date is on 19th December, 2024 with an ex-dividend date of 20th November, 2024.
Key information
3.5%
Dividend yield
2.6%
Buyback Yield
| Total Shareholder Yield | 6.1% |
| Future Dividend Yield | 4.0% |
| Dividend Growth | 5.5% |
| Next dividend pay date | 19 Dec 24 |
| Ex dividend date | 20 Nov 24 |
| Dividend per share | CA$1.600 |
| Payout ratio | 55% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MFC.PRF's dividends per share have been stable in the past 10 years.
Growing Dividend: MFC.PRF's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Manulife Financial Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MFC.PRF) | 3.5% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Insurance) | 3.1% |
| Analyst forecast (MFC.PRF) (up to 3 years) | 4.0% |
Notable Dividend: MFC.PRF's dividend (3.53%) is higher than the bottom 25% of dividend payers in the Canadian market (1.76%).
High Dividend: MFC.PRF's dividend (3.53%) is low compared to the top 25% of dividend payers in the Canadian market (6.16%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (55.1%), MFC.PRF's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (11%), MFC.PRF's dividend payments are thoroughly covered by cash flows.