Wednesday, 12 February 2020

Manulife Dividend Increase!

    Manulife Financial $MFC just completed reporting its earnings; reporting an increase in net earnings of 16.7% for the year! With that, they announced a great dividend increase of 12%, going from 25cents a quarter to 28cents per quarter.

    I currently hold 304 shares of Manulife, and at the current share price at the time of writing of $26.62 and the new dividend of 28cents I will be able to DRIP 3 shares a quarter instead of 2 a quarter. My annual dividend income from Manulife based on the 3cent raise means another $9.12/quarter and $36.48 a year, not including newly DRIP'd shares!

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