Manulife Boosts Dividend by 10.0%: A Win for Shareholders

Manulife Financial Corporation (MFC) has announced a significant boost to its common shareholders' dividend, increasing it by 10.0% to $0.44 per share. This move, effective for the dividend payable on and after March 19, 2025, to shareholders of record at the close of business on March 5, 2025, is a clear indication of the company's strong financial performance and commitment to returning value to its shareholders.

The decision to increase the dividend comes on the heels of Manulife's strong financial results, with YoY growth in new insurance policies and client inflows. This growth, coupled with increasing earnings and revenue, has provided the company with more cash to distribute to shareholders. Additionally, Manulife's stable earnings and LICAT ratio, despite the adoption of IFRS 17, have further supported the company's ability to maintain and increase its dividend payout.

Manulife's commitment to shareholder value is evident in its decision to offer a Dividend Reinvestment and Share Purchase Plan, allowing shareholders to reinvest their dividends at a discounted price. This plan enables shareholders to compound their investment at a lower cost, potentially leading to higher long-term returns.

The dividend increase is a positive sign for Manulife's overall financial strategy, demonstrating the company's commitment to balancing growth, profitability, and shareholder value. By providing a higher income stream to its shareholders, Manulife is not only rewarding its existing investors but also making its stock more attractive to income-oriented investors.

In conclusion, Manulife's decision to increase its common shareholders' dividend by 10.0% is a clear indication of the company's strong financial performance and commitment to shareholder value. This move, supported by the company's robust financial results and stable earnings, is a win for both existing shareholders and potential investors seeking stable and growing income streams. As Manulife continues to execute on its growth strategies and maintain its financial health, shareholders can look forward to further dividend increases and a strong financial future.