Global life insurance and financial service company Manulife Financial (MFC) has increased their dividend from $0.22 / share to $0.24 per share. This represents a 9% increase. Manulife has been increasing the dividend twice per year since 2004.
Here is their dividend history since 2000:
2000 = $0.21
2001 = $0.25
2002 = $0.32
2003 = $0.41
2004 = $0.50
2005 = $0.63
2006 = $0.75
2007 = $0.92 (estimated)
This represents a compound annual growth rate of the dividend of more than 23%. This is a pretty impressive annual raise.
A share of Manulife (MFC) bought in 2001 would now be yielding 4.6% on the original purchase price. As mentioned this stat is neat, but is meaningless for looking at the current company, future prospects and trends. Manulife (MFC) is now yielding around 2.3%.
This change will slightly increase my 'Annual Income from Investments' figure that I maintain on a regular basis. Always the best metric to update because usually the change is more permanent in nature than any other portfolio value tracking.