Manulife Stock Dividend Insights: How to Buy Manulife Financial Stock in Canada?

Manulife Financial is a prominent company in the Financial Services sector, specializing in property and casualty insurance. Based in Ontario, Canada, it is traded under the ticker MFC on the New York Stock Exchange (NYSE). Manulife Financial is a compelling option for Canadian investors seeking stability and growth in their portfolios. As a dominant player in the insurance industry, Manulife has a strong reputation for financial resilience and consistent dividend rewards to shareholders.

Notably, Manulife's dividends have been trending upwards over the past 11 years, as highlighted by moomoo's research. This trend not only highlights the company's commitment to creating value for investors, but also makes it an attractive option for investors seeking regular income and potential capital appreciation.

So how to buy Manulife Financial stock in Canada? Don’t worry, we will walk you through everything you need to know. Let’s get started!

Overview of Manulife Financial

Manulife Financial is a leading international financial services group headquartered in Ontario, Canada, with a robust presence in the global market. Now, we will take a closer look at Manulife Financial from the perspective of company profile and business segments.

Company profile

Manulife Financial is a leading global financial services group. It offers a wide range of financial products and services including life insurance, health insurance, wealth and asset management, and retirement solutions. The company has a significant presence in Canada, the United States, and Asia, serving millions of customers around the world.

Business segments

Insurance: At the heart of Manulife's operations is its life and health insurance segment, providing essential financial protection to Canadian policyholders and their families. This includes offerings such as term life insurance, whole life insurance, and critical illness insurance. Manulife's expertise in underwriting and risk assessment is crucial here, as the company meticulously evaluates applicants' health and lifestyle factors to set appropriate insurance premiums and coverage terms.

Wealth and asset management: For Canadian investors looking to grow their wealth, Manulife offers a robust suite of investment products including mutual funds, segregated funds, and investment-linked insurance plans. The company's asset management team carefully crafts investment strategies based on comprehensive market research and risk-return profiles. By investing in a diverse array of assets such as stocks, bonds, and real estate, Manulife aims to meet the diverse investment objectives of its clients.

Retirement solutions: As Canada's population ages, Manulife's retirement solutions become increasingly vital. The company provides products like annuities and pension plans, designed to offer retirees a reliable income stream and financial peace of mind during their golden years. With these solutions, Manulife helps ensure that Canadians can enjoy a secure and comfortable retirement.

Manulife stock dividend hikes

Manulife’s dividend has recently received a lot of attention from many investors in the Canadian stock market. Manulife’s dividend has been increasing from 2013 to 2024, which is a significant positive indicator.

In 2013, the cash dividend per share was CAD$0.52. Over the years, the company has managed to increase its dividend to CAD$1.60 in 2024. This consistent growth in dividends reflects its solid financial performance, strategic growth initiatives, and commitment to shareholder value.

Manulife stock performance

Manulife Financial's stock performance is shaped by strategic initiatives and robust operations across key markets. From capitalizing on high-interest rates to expanding its presence in the Asia-Pacific region, Manulife enhances shareholder value through stable dividends and significant deals like the $5.4 billion reinsurance agreement with RGA.

Manulife boosts bond income in high interest rate environment

In the current high interest rate environment, Manulife is strategically increasing its bond income. Higher interest rates allow the company to earn higher returns on its large bond portfolio, which is a key component of its investment strategy. By taking advantage of these high interest rates, Manulife can increase its investment income, contributing to its overall financial strength and stability.

Additionally, the wealth effect in North American stock markets has bolstered Manulife's assets under management, which reached CAD 1.3 trillion in the third quarter of this year.

Asia-Pacific business drives Manulife’s revenue growth

In the third quarter of 2024, Manulife Asia's new business value achieved an impressive 55% growth, mainly driven by a strong performance in Hong Kong, which increased its market share. This growth significantly exceeded competitors such as AIA Hong Kong and Prudential Hong Kong, which achieved growth of 16.80% and 11.28% respectively. The Asia-Pacific region often contributes over 50% of Manulife's net profit, highlighting its strategic importance. Manulife's expertise in dividend insurance and mandatory provident funds has driven its rapid expansion in the region.

Stable dividends highlight Manulife's shareholder focus

Manulife Financial's commitment to maintaining stable dividends over an extended period is a clear manifestation of its strong emphasis on shareholder interests. A stable dividend policy is not only a sign of the company's financial health and stability but also an indication of its long-term strategic planning and operational efficiency. moomoo research shows that Manulife has raised its yearly dividends at growth rates of 8.2%, 10.6%, and 9.6% over the last three years. The current P/E ratio of 16.19 indicates a reasonable valuation.

Manulife reaches $5.4 billion reinsurance deal with RGA

Manulife has successfully finalized a $5.4 billion reinsurance agreement with Reinsurance Group of America (RGA), marking a significant step in its strategic financial management. This deal is designed to enhance Manulife's core return on equity and free up $800 million of capital, which the company intends to return to shareholders through a share repurchase program. The transaction not only strengthens Manulife's balance sheet, but is also in line with its goal of transitioning to a more profitable, less risky portfolio.

Additionally, Manulife's expense ratio has normalized after a spike in 2022. In Q4 2024, the expense ratio was 40%, the lowest since 2022. Manulife's profit margins will increase as a result of the continuous cost reduction.

How to check Manulife dividend information?

Moomoo Canada is an advanced trading platform that offers Canadian investors a comprehensive suite of tools and features designed to enhance their trading experience. You can easily check Manulife dividend information on moomoo in just three steps! Here’s how to do:

Step 1. Open the moomoo app and type “MFC” in the search box at the top.

Step 2. Select “Company” from the navigation menu.

Step 3. Click on “Dividends” to see detailed information about Manulife stock dividend history.  

How to buy Manulife Financial stock in Canada?

Following the below steps, you can easily buy Manulife Financial stock in Canada.

Step 1. Choose a brokerage

Firstly, choose an online brokerage that can buy Manulife Financial stock in Canada. moomoo, Questrade, TD Direct Investing, and RBC Direct Investing are popular choices in Canada. These trading platforms are easy to use and provide a range of tools to assist you in making informed decisions.

Among these options, moomoo is an excellent choice for Canadian investors looking to trade Manulife Financial stock. Here are some key features of moomoo:

• Real-time market data: moomoo offers real-time quotes and data, enabling investors to make timely and informed decisions.

• User-friendly interface: moomoo's intuitive design ensures that investors can easily navigate the platform, access key features, and execute trades efficiently.

• Low commission fees: moomoo provides low commission fees trading on stocks and ETFs, helping Canadian investors maximize their returns by reducing transaction costs.

Step 2. Open an account

You need to open an account after you choosing a brokerage. This generally involves completing an online application and providing personal data such your name, address, social insurance number, and other details.

Step 3. Fund your account

Once your account is set up, the next step is to fund it by transferring money from your bank account to your brokerage account. Most brokerages offer electronic funds transfers (EFT) for quick and convenient transactions. Additionally, some platforms allow you to link your bank account directly, enabling seamless transfers.

Step 4. Search for the stock name

Type “MFC” in the search box at the top and then you will see the detailed information about Manulife Financial stock.

Step 5. Place an order

Decide on the number of shares you want to purchase and choose the type of order, such as market order, limit order, stop order, etc. Enter the details and confirm your purchase.

Step 6. Monitor your investment

After purchasing the stock, keep an eye on its performance and stay informed about any news or developments related to the company. Most brokerages provide tools to monitor your portfolio and allow you to set up alerts for significant price changes or news events.