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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): Manulife Financial Corporation (MFC) pays a $1.90 annual dividend ($0.47 quarterly), yielding 3.18% at $42.76/share. Next ex-dividend date 2026-08-21. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.18%
Annual Dividend: $1.90 per share
Payout Ratio: 50.9%
Ex-Dividend Date: 2026-08-21
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 27
Manulife Financial Corporation dividend income comes from one of Canada's largest financial services companies, spanning life insurance, wealth management, and asset management across Asia, Canada, and the United States. The current yield stands at 3.18%, with a trailing annual dividend rate of $1.8950 per share paid quarterly. The next ex-dividend date is August 21, 2026. With a beta of 0.781, MFC stock moves less than the broader market, which suits income-focused investors who prioritize lower price volatility over aggressive growth.
Manulife Financial Corporation pays out 50.9% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves meaningful earnings retained within the business, which spans recurring-demand products like individual life insurance, long-term care coverage, and group retirement programs across multiple geographies. Manulife Financial Corporation dividend safety faces its most notable pressure from the history table, which shows at least one year-over-year decline exceeding 5% within the available window, confirming the dividend is not immune to cuts when conditions deteriorate.
Manulife Financial Corporation dividend history shows a CAGR of 1.4% per year from 2008 to 2024. Per-share payments grew from $0.9390 to $1.1710 over that period (2026 data is a partial year and excluded from this calculation). The largest annual increase in the window was 13.1% in 2017, but that spike was not sustained, and growth is slow across the full period.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -15.2% | $1.02 (2022) | $0.62 (2025) |
| 5-Year | -5.8% | $0.84 (2020) | $0.62 (2025) |
| 10-Year | +1.7% | $0.52 (2015) | $0.62 (2025) |
MFC stock fits income-focused investors who want a moderate yield from a large, diversified financial services business rather than a high-growth dividend payer. The current yield of 3.18% sits above the 5-year average of 2.55%, meaning today's entry point delivers more income than the historical norm. The trade-off is clear: dividend growth has averaged just 1.4% per year since 2008, and the history includes at least one meaningful cut. What an investor gets is a moderate (2–4%) yield backed by a 50.9% payout ratio, with the understanding that income growth will likely trail inflation over time.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-21 | $0.3523 |
| 2026-05-29 | $0.3518 |
| 2026-02-25 | $0.3540 |
| 2025-05-21 | $0.3160 |
| 2025-03-05 | $0.3060 |
| 2024-11-20 | $0.2870 |
| 2024-08-21 | $0.2940 |
| 2024-05-21 | $0.2940 |
| 2024-02-27 | $0.2960 |
| 2023-11-21 | $0.2660 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.0581 |
| 2025 | $0.6220 |
| 2024 | $1.1710 |
| 2023 | $1.0740 |
| 2022 | $1.0190 |
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