Tuesday, November 6, 2007

Manulife's latest raise

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.

2 comments:

Nurse B, 911 said...

And continues to trade only 2.5% above where I bought it back in May. If it wasn't already my largest holding I'd still be buying in the low 40's (as of yesterday)

MG said...

It is a 'buy' in my mind anytime it gets near $40, but I am locked into a DRIP so I can't exactly time my purchases on it.