SmarterDividends
MFC

Manulife Financial (MFC) Dividend

Manulife Financial Corporation · Financial Services · Insurance - Life · quarterly payer

$44.48

Fairly valued · +6% Add to Portfolio

As of Nov 12, 2026, Manulife Financial (MFC) pays a quarterly dividend of $0.3520 per share, or $1.37 a year, a 3.07% yield at its $44.48 share price. The next ex-dividend date is Nov 20, 2026, paid Dec 21, 2026. It has raised its dividend 12 years in a row and has a dividend safety grade of B.

Forward Yield

3.07%

Annual Dividend

$1.37

Payout Ratio

54%

5-Yr Growth

8.4%

Ex-Date

Nov 20, 2026

Frequency

Quarterly

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Key facts about MFC's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 12, 2026, Manulife Financial Corporation (MFC) has a forward dividend yield of 3.07%, based on an annual dividend of $1.37 per share and a share price of $44.48.
  • As of Nov 12, 2026, MFC's dividend safety grade from SmarterDividends is B (70 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Manulife Financial Corporation (MFC) has raised its dividend for 12 consecutive years as of Nov 12, 2026.
  • MFC pays a variable dividend: the amount moves up and down from one payment to the next, so a lower payment is not a dividend cut.
  • MFC's next ex-dividend date is Nov 20, 2026, with payment on Dec 21, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 12, 2026, MFC pays out 54% of its trailing 12-month earnings as dividends (its payout ratio).
  • MFC's dividend has grown at an average rate of 8.4% a year over the past five years.
  • As of Nov 12, 2026, MFC's 3.07% yield is 31% below its five-year average yield of 4.43%.
  • As of Nov 12, 2026, SmarterDividends' blended fair-value estimate for MFC is $46.97 per share, 6% above the $44.48 share price, so MFC screens as fairly valued.
  • Manulife Financial Corporation (MFC) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "MFC Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 12, 2026, https://smarterdividends.com/stocks/MFC

Is MFC a good dividend stock?

Yes, with caveats

Manulife Financial Corporation (MFC) pays a quarterly dividend yielding 3.07% ($1.37/yr), with 12 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • 12 consecutive years of dividend growth
  • Comfortable payout ratio (54%)
  • Strong 8.4% 5-yr dividend growth
  • 141% total price return over 5 years

Risks

  • Variable payout: the amount moves up and down with each payment

Key Data

Dividend Yield
3.07%
Payout Ratio
54%
Annual Dividend
$1.37
5-Yr Avg Growth
8.4%
Ex-Dividend Date
Nov 20, 2026
Years of Growth
12
Frequency
quarterly
Beta
0.75
Market Cap
$73.5B
P/E Ratio
17.7
5-Yr Total Return
141%
52-Week Range
$32.58 – $46.19
Dividend Safety
B · 70/100
Ever Cut?
Variable payer

MFC dividend changes

Manulife Financial Corporation (MFC) pays a variable dividend: across the 107 payments on record since 2000, 47 were higher than the one before and 26 lower. The latest change was up 13.1% to $0.354 per share, going ex-dividend on Feb 25, 2026.

Ex-dateChangeOld → newMove
Feb 25, 2026Higher$0.313 → $0.354+13.1%
Nov 26, 2025Lower$0.317 → $0.313−1.3%
Aug 20, 2025Higher$0.316 → $0.317+0.3%
May 21, 2025Higher$0.306 → $0.316+3.3%
Mar 5, 2025Higher$0.287 → $0.306+6.6%
Nov 20, 2024Lower$0.294 → $0.287−2.4%
Feb 27, 2024Higher$0.266 → $0.296+11.3%
Nov 21, 2023Lower$0.270 → $0.266−1.5%
May 23, 2023Higher$0.268 → $0.270+0.7%
Feb 27, 2023Higher$0.247 → $0.268+8.5%
Nov 21, 2022Lower$0.254 → $0.247−2.8%
Aug 22, 2022Lower$0.259 → $0.254−1.9%
Every MFC payment →Download every raise and cut (CSV)
MFC ex-dividend date & scheduleNext ex-date Nov 20, 2026 · full ex-dividend historyView →MFC dividend historyEvery payment, totals by year, raises and cutsView →MFC dividend calculator100 shares pay $137.00 a year, $34.25 each quarterCalculate →MFC total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is MFC a good dividend stock?

Yes, with caveats. Manulife Financial Corporation (MFC) pays a quarterly dividend yielding 3.07% ($1.37/yr), with 12 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is MFC undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MFC's fair value is about $46.97 versus a $44.48 share price — so it looks fairly valued (+6% vs. fair value).

Is MFC's dividend safe?

MFC has a dividend-safety grade of B (70/100), based on its payout coverage, free-cash-flow, 12-year growth streak, a dividend cut in 2010, debt and yield-versus-history.

What is MFC's fair value?

Our blended fair-value estimate for MFC is about $46.97 per share, roughly 6% above the current $44.48 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MFC a buy, hold, or sell?

We don't issue formal ratings, but on the data MFC screens as "yes, with caveats" and fairly valued. Manulife Financial Corporation (MFC) pays a quarterly dividend yielding 3.07% ($1.37/yr), with 12 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will MFC cut its dividend?

MFC earns a dividend-safety grade of B (70/100), and has cut its dividend before (last in 2010). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MFC pay a dividend?

Yes. Manulife Financial Corporation pays a quarterly dividend of about $1.37 per share annually, a forward yield of roughly 3.07%.

How much dividend does 100 shares of MFC pay?

At $1.37 per share a year, 100 shares of MFC pay $137.00 a year in dividends before tax, about $34.25 each quarter. Buying them costs about $4,448 at the Nov 12, 2026 price.

What is MFC's dividend yield?

As of Nov 12, 2026, MFC's forward dividend yield is 3.07%, based on a $1.37 annual dividend and a $44.48 share price.

What is MFC's dividend per share?

As of Nov 12, 2026, MFC pays $1.37 per share per year, distributed on a quarterly basis.

What is MFC's dividend payout ratio?

As of Nov 12, 2026, MFC's payout ratio is 54% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has MFC grown its dividend?

As of Nov 12, 2026, MFC has increased its dividend for 12 consecutive years.

When is the next MFC ex-dividend date?

As of Nov 12, 2026, the next ex-dividend date on record for MFC is Nov 20, 2026.

Income Calculator

At $1.37 / yr per share

Per payment (quarterly)$34.25
Annual$137.00
Monthly avg$11.42
Full MFC dividend calculator →

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