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Manulife Financial (NYSE:) Corporation has announced that investors looking to receive the next dividend payment must own the company’s shares before the ex-dividend date of November 21. The upcoming dividend, scheduled for December 19, will be CA$0.36 per share, following a total distribution of CA$1.46 per share last year and a trailing yield of approximately 5.6% based on the current share price of CA$25.97 (USD1 = CAD1.3703).
The insurance and financial services provider has maintained a conservative approach to its dividend policy. Last year, Manulife distributed just 20% of its profits as dividends, creating a buffer against potential financial downturns. This prudent strategy is part of the company’s broader financial management, which has seen a substantial 49% annual growth in earnings over the past five years.
Moreover, Manulife’s commitment to returning value to shareholders is underscored by its track record over the past decade. The company has achieved an average annual increase in dividends of about 11%, reflecting robust earnings and consistent growth in dividends per share.
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