Manulife Financial Dividend yield

Manulife Financial is part of Life Insurance business, which is part of Financials industry. Manulife Financial is a company from Canada, and his stocks are publicly traded.

Manulife Financial stock dividend

Manulife Financial paid a total dividend of 2,723 million CAD last year, for a market value of 46,588 millions (Market Cap 46,579 millions). Manulife Financial dividend per share is 1.46 CAD, and his stock market price 24.98 CAD.

According to the chart below, where dividend yield is displayed, Manulife Financial has a dividend yield of 5.84%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Financials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Manulife Financial stocks dividend with other Life Insurance companies or other of the high Canada dividend stocks list.

Manulife Financial Dividend Payout

About the ability of Manulife Financial to maintain his current dividend of CAD 1.46 per share, an amount that accounts for 5.84%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Manulife Financial payout on ernings is currently 36.23%, which is lower than the market average and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures lead us to believe that there is confidence that Manulife Financialcan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Manulife Financial is CAD 9.61 per share, which is higher than the dividend per share paid by the company of CAD 1.46, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Manulife Financial, compared againt world market average, Canada companies, Financials industry and Life Insurance sector companies.

Manulife Financial Dividend History

Below you will find a table with the historical evolution of Manulife Financial's dividend stock, both in percentage and in CAD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	CAD	Paypout	Shares*
Present	5.84%	1.46	36.23%	1,865
2022	5.47%	1.32	33.85%	1,907
2021	5.47%	1.32	40.49%	1,942
2020	4.94%	1.12	36.13%	1,942
2019	3.79%	1.00	39.06%	1,968
2018	5.16%	1.00	66.67%	1,983
2017	3.13%	0.82	46.33%	1,973
2016	3.16%	0.74	55.22%	1,970
2015	3.09%	0.68	34.87%	1,970

*In millions

Then you can see the evolution of Manulife Financial dividend stock, and compare it with the average of Canada stocks and that of the Life Insurance stocks.

Manulife Financial Stock performance

Finally, last moth Manulife Financial showed a return of -5.20% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a 9.90% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and Life Insurance firms.