Why Manulife Financial (MFC) is a Great Dividend Stock Right Now

Company Overview - Manulife Financial (MFC) is headquartered in Toronto and operates in the Finance sector, with a stock price change of -10.75% since the beginning of the year [3] - The company currently pays a dividend of $0.3 per share, resulting in a dividend yield of 4.44$1.22 has increased by 3% from the previous year, and over the last 5 years, the company has raised its dividend 5 times, averaging an annual increase of 8.83% [4] - The company's payout ratio stands at 43%, indicating that it distributes 43% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate projects earnings of $2.92 per share, reflecting a year-over-year growth rate of 3.55% [5] Investment Appeal - Manulife is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 2 (Buy) [7]