Manulife Financial Corporation
MFCFinancial Services · Stock · quarterly payer
Forward Yield
3.12%
Annual Dividend
$1.36
Payout Ratio
50%
5-Yr Growth
8.2%
Ex-Date
Aug 21, 2026
Frequency
Quarterly
Summary
As of September 2026, Manulife Financial Corporation (MFC) yields 3.12% ($1.36 per share annually), with a blended fair-value estimate of $50.97 — +15% upside, so it screens as fairly valued. Dividend safety grade: C (64/100). 12 years of dividend growth.
Is MFC a good dividend stock?
Yes, with caveatsManulife Financial Corporation (MFC) pays a quarterly dividend yielding 3.12% ($1.36/yr), with 12 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- 12 consecutive years of dividend growth
- Comfortable payout ratio (50%)
- Strong 8.2% 5-yr dividend growth
- 128% total price return over 5 years
Risks
- Cut its dividend in 2010
Key Data
- Dividend Yield
- 3.12%
- Payout Ratio
- 50%
- Annual Dividend
- $1.36
- 5-Yr Avg Growth
- 8.2%
- Ex-Dividend Date
- Aug 21, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 0.76
- Market Cap
- $72.3B
- P/E Ratio
- 16.6
- 5-Yr Total Return
- 128%
- 52-Week Range
- $30.52 – $45.33
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2010)
Frequently Asked Questions
MFC Price — Last 12 Months
Daily close
Price Return
1 Year
+37%
3 Years
+155%
5 Years
+128%
52-Week Range
$30.52 – $45.33
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MFC worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Manulife Financial Corporation is $50.97 per share, versus a market price of $44.38. That implies the stock is roughly fairly priced.
Fair Value
$50.97
Current Price
$44.38
Gap
+15%
Margin of Safety
13%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 10.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.1% discount rate (CAPM), 10.2% stage-1 growth, 2.5% terminal growth, $2.64 EPS, $1.37 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MFC Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full MFC dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 21, 2026 | — | $0.3520 | regular |
| May 29, 2026 | — | $0.3520 | regular |
| Feb 25, 2026 | — | $0.3540 | regular |
| May 21, 2025 | — | $0.3160 | regular |
| Mar 5, 2025 | — | $0.3060 | regular |
| Nov 20, 2024 | — | $0.2870 | regular |
| Aug 21, 2024 | — | $0.2940 | regular |
| May 21, 2024 | — | $0.2940 | regular |
| Feb 27, 2024 | — | $0.2960 | regular |
| Nov 21, 2023 | — | $0.2660 | regular |
| Aug 22, 2023 | — | $0.2700 | regular |
| May 23, 2023 | — | $0.2700 | regular |
| Feb 27, 2023 | — | $0.2680 | regular |
| Nov 21, 2022 | — | $0.2470 | regular |
Income Calculator
At $1.36 / yr per share
Similar Dividend Stocks
Compare MFC
Explore more
Lists and tools related to MFC
- Financial Services dividend stocks →
- Dividend calendar →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →