Manulife Financial (MFC.TO) Stock Price

Manulife Financial Price

TSX·CLOSED
61.78CAD-0.74 (-1.19 %)
Market closed

Revenue has compounded at 2.3% per year over the past 19 years to 53.01 B CAD. Earnings per share have grown at 1.6% per year over the last 19 years. Manulife Financial's net margin stands at 10.9%, broadly stable from 11.1% several years earlier. Manulife Financial currently offers a dividend yield of about 2.85%. The payout ratio is around 51% of earnings. The dividend has grown at 2.6% per year over the past 19 years. Analysts set a median price target of 57.63 CAD, implying 6.7% below the current price. Of 19 analysts, 14 rate the stock a buy — an overall Buy consensus. The stock trades about 50% above its 52-week low.

Manulife Financial stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Manulife Financial over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Manulife Financial stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Manulife Financial's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Manulife Financial Stock Price History
DateManulife Financial Price
8/7/202661.78 CAD
8/6/202662.52 CAD
8/5/202662.07 CAD
8/4/202662.87 CAD
7/31/202662.26 CAD
7/30/202662.40 CAD
7/29/202661.84 CAD
7/27/202662.16 CAD
7/23/202660.69 CAD
7/22/202660.67 CAD
7/21/202660.41 CAD
7/20/202659.76 CAD
7/17/202660.74 CAD
7/16/202660.86 CAD
7/15/202660.49 CAD
7/14/202658.67 CAD
7/13/202658.27 CAD
7/10/202658.52 CAD
7/9/202658.75 CAD
7/8/202658.13 CAD
7/7/202658.80 CAD
7/6/202658.81 CAD
7/3/202658.72 CAD
7/2/202657.92 CAD
6/30/202657.52 CAD
6/29/202657.52 CAD
6/26/202657.19 CAD
6/25/202657.04 CAD
6/24/202656.55 CAD
6/23/202657.05 CAD
6/22/202657.07 CAD
6/19/202657.65 CAD
6/18/202657.37 CAD
6/17/202657.76 CAD
6/16/202657.52 CAD
6/15/202656.73 CAD
6/12/202656.36 CAD
6/11/202654.82 CAD
6/10/202654.40 CAD
6/9/202654.14 CAD
6/8/202654.25 CAD
6/5/202654.18 CAD
6/4/202653.19 CAD
6/3/202653.02 CAD
6/2/202653.23 CAD
6/1/202652.27 CAD
5/29/202652.94 CAD
5/28/202653.19 CAD
5/27/202653.52 CAD
5/26/202653.78 CAD
5/25/202653.85 CAD
5/22/202653.61 CAD
5/21/202653.37 CAD
5/20/202652.81 CAD
5/19/202652.06 CAD
5/15/202651.72 CAD
5/14/202651.50 CAD
5/13/202654.62 CAD
5/12/202654.82 CAD
5/11/202654.66 CAD
5/8/202654.72 CAD
5/7/202654.06 CAD
5/6/202654.48 CAD
5/5/202653.53 CAD
5/4/202652.45 CAD
5/1/202653.20 CAD
4/30/202653.41 CAD
4/29/202652.26 CAD
4/28/202652.80 CAD
4/27/202652.63 CAD
4/24/202652.92 CAD
4/23/202652.97 CAD
4/22/202652.35 CAD
4/21/202652.28 CAD
4/20/202652.67 CAD
4/17/202653.20 CAD
4/16/202652.98 CAD
4/15/202653.33 CAD
4/14/202652.18 CAD
4/13/202651.39 CAD
4/10/202650.56 CAD
4/9/202650.58 CAD
4/8/202650.47 CAD
4/7/202648.97 CAD
4/6/202648.96 CAD
4/2/202648.57 CAD
3/27/202646.69 CAD
3/26/202647.68 CAD
3/25/202647.82 CAD
3/24/202647.46 CAD
3/23/202647.13 CAD
3/20/202646.45 CAD
3/19/202646.58 CAD
3/18/202646.57 CAD
3/17/202647.31 CAD
3/16/202646.66 CAD
3/13/202645.84 CAD
3/12/202645.69 CAD
3/11/202645.86 CAD
3/10/202645.88 CAD
3/9/202645.34 CAD
3/6/202645.71 CAD
3/5/202647.01 CAD
2/26/202649.01 CAD
2/25/202648.45 CAD
2/24/202649.04 CAD
2/23/202649.23 CAD
2/20/202650.16 CAD
2/19/202649.57 CAD
2/18/202650.58 CAD
2/17/202650.62 CAD
2/13/202649.73 CAD
2/12/202648.73 CAD
2/11/202651.40 CAD
2/10/202651.85 CAD
2/9/202651.60 CAD
2/6/202651.86 CAD
2/5/202651.13 CAD
2/4/202651.68 CAD
2/3/202651.73 CAD
2/2/202652.41 CAD
1/30/202651.87 CAD
1/29/202651.96 CAD
1/28/202651.15 CAD
1/27/202650.71 CAD
1/26/202650.87 CAD
1/23/202650.57 CAD
1/22/202650.78 CAD
1/21/202651.30 CAD
1/20/202650.63 CAD
1/19/202652.09 CAD
1/16/202651.91 CAD
1/15/202652.13 CAD
1/14/202651.69 CAD
1/13/202651.03 CAD
1/12/202651.66 CAD
1/9/202652.16 CAD
1/8/202651.31 CAD
1/7/202650.71 CAD
1/6/202651.59 CAD
1/5/202650.56 CAD
1/2/202649.76 CAD
12/31/202549.92 CAD
12/30/202550.17 CAD
12/29/202550.37 CAD
12/24/202550.12 CAD
12/23/202550.36 CAD
12/22/202550.24 CAD
12/19/202549.92 CAD
12/18/202549.86 CAD
12/17/202549.10 CAD
12/16/202549.44 CAD
12/15/202549.23 CAD
12/12/202548.86 CAD
12/11/202549.11 CAD
12/10/202548.98 CAD
12/9/202548.82 CAD
12/8/202548.27 CAD
12/5/202548.87 CAD
12/4/202549.24 CAD
12/3/202548.88 CAD
12/2/202549.00 CAD
12/1/202549.41 CAD
11/28/202549.45 CAD
11/27/202549.14 CAD
11/26/202549.03 CAD
11/25/202549.69 CAD
11/24/202549.28 CAD
11/21/202548.69 CAD
11/20/202547.80 CAD
11/19/202547.50 CAD
11/18/202546.94 CAD
11/17/202547.48 CAD
11/14/202548.44 CAD
11/13/202548.30 CAD
11/12/202548.24 CAD
11/11/202547.24 CAD
11/10/202547.09 CAD
11/7/202546.85 CAD
11/6/202546.92 CAD
11/5/202546.91 CAD
11/4/202546.27 CAD
11/3/202546.22 CAD
10/31/202545.54 CAD
10/30/202545.12 CAD
10/29/202545.40 CAD
10/28/202545.81 CAD
10/27/202546.04 CAD
10/24/202545.67 CAD
10/23/202544.93 CAD
10/22/202544.73 CAD
10/21/202544.66 CAD
10/20/202544.74 CAD
10/17/202544.65 CAD
10/16/202544.45 CAD
10/15/202544.97 CAD
10/14/202545.47 CAD
10/10/202544.41 CAD
10/9/202544.78 CAD
10/8/202545.45 CAD
10/7/202544.82 CAD
10/6/202545.17 CAD
10/3/202544.57 CAD
10/2/202543.77 CAD
10/1/202543.81 CAD
9/30/202543.35 CAD
9/28/202543.17 CAD
9/25/202542.89 CAD
9/24/202542.77 CAD
9/23/202543.08 CAD
9/22/202543.72 CAD
9/19/202543.70 CAD
9/18/202543.29 CAD
9/17/202542.89 CAD
9/16/202543.24 CAD
9/15/202544.46 CAD
9/12/202544.16 CAD
9/11/202543.90 CAD
9/10/202542.82 CAD
9/9/202542.83 CAD
9/8/202542.33 CAD
9/5/202542.49 CAD
9/4/202542.73 CAD
9/3/202542.05 CAD
9/2/202541.91 CAD
8/29/202542.31 CAD
8/28/202542.14 CAD
8/27/202541.93 CAD
8/26/202541.49 CAD
8/25/202541.67 CAD
8/22/202542.49 CAD
8/21/202541.75 CAD
8/20/202541.74 CAD
8/19/202542.15 CAD
8/18/202542.14 CAD
8/15/202541.97 CAD
8/14/202542.25 CAD
8/13/202541.99 CAD
8/12/202541.58 CAD
8/11/202541.17 CAD
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Manulife Financial Revenue, EBIT, Net Income

  • 3 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
59.84 B CAD
9.58 B CAD
6.66 B CAD
Jan 1, 2022
23.62 B CAD
-1.79 B CAD
-2.10 B CAD
Jan 1, 2023
42.31 B CAD
11.00 B CAD
5.46 B CAD
Jan 1, 2024
45.58 B CAD
8.77 B CAD
5.63 B CAD
Jan 1, 2025
53.01 B CAD
8.62 B CAD
5.78 B CAD
Jan 1, 2026 (e)
42.11 B CAD
5.13 B CAD
7.61 B CAD
Jan 1, 2027 (e)
44.85 B CAD
5.46 B CAD
8.44 B CAD
Jan 1, 2028 (e)
47.45 B CAD
5.78 B CAD
9.18 B CAD

Manulife Financial Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 8, 2026, 10:27 PM
 
REVENUEB CAD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB CAD
EBITB CAD
EBIT MARGIN%
NET INCOMEB CAD
NET INCOME GROWTH%
DIV.CAD
DIV. GROWTH%
SHARESB
20132014201520162017201820192020202120222023202420252026e2027e2028e
17.4953.0732.8251.6956.6537.2677.8277.1259.8423.6242.3145.5853.0142.1144.8547.45
-37.72203.51-38.1757.529.59-34.22108.84-0.90-22.41-60.5379.157.7416.30-20.566.515.80
84.2729.6850.5336.1132.5462.0930.0130.2142.244.2432.3433.1525.5125.5125.5125.51
14.7415.7516.5818.6718.4323.1423.3523.3025.271.0013.6815.1113.5310.7411.4412.11
3.754.262.625.464.568.068.329.709.58-1.7911.008.778.625.135.465.78
21.438.037.9810.568.0521.6310.6912.5716.01-7.5726.0019.2416.2712.1712.1712.17
3.123.522.222.992.074.675.275.336.66-2.105.465.635.787.618.449.18
82.6612.96-36.9434.62-30.84125.9712.751.0824.99-131.55-360.143.082.6831.5810.888.84
0.520.570.840.740.820.911.001.120.891.321.461.601.761.942.122.32
–9.6247.37-11.9010.8110.989.8912.00-20.5448.3110.619.5910.0010.239.289.43
1.861.851.971.981.991.991.951.941.941.911.821.761.691.691.691.69
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Manulife Financial generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Manulife Financial retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Manulife Financial's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Manulife Financial has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Manulife Financial's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Manulife Financial stock margins

The Manulife Financial margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Manulife Financial. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Manulife Financial.

  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
42.24 %
16.01 %
11.12 %
Jan 1, 2022
4.24 %
-7.57 %
-8.89 %
Jan 1, 2023
32.34 %
26.00 %
12.91 %
Jan 1, 2024
33.15 %
19.24 %
12.35 %
Jan 1, 2025
25.51 %
16.27 %
10.91 %
Jan 1, 2026 (e)
25.51 %
12.17 %
18.07 %
Jan 1, 2027 (e)
25.51 %
12.17 %
18.81 %
Jan 1, 2028 (e)
25.51 %
12.17 %
19.35 %

Manulife Financial Stock Revenue, EBIT, Earnings per Share

The Manulife Financial earnings per share therefore indicates how much revenue Manulife Financial has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
30.78 CAD
4.93 CAD
3.42 CAD
Jan 1, 2022
12.37 CAD
-0.94 CAD
-1.10 CAD
Jan 1, 2023
23.20 CAD
6.03 CAD
3.00 CAD
Jan 1, 2024
25.94 CAD
4.99 CAD
3.20 CAD
Jan 1, 2025
31.39 CAD
5.11 CAD
3.42 CAD
Jan 1, 2026 (e)
24.66 CAD
3.04 CAD
4.45 CAD
Jan 1, 2027 (e)
26.26 CAD
3.23 CAD
4.94 CAD
Jan 1, 2028 (e)
27.78 CAD
3.42 CAD
5.38 CAD

Manulife Financial business model & stock analysis

The Manulife Financial Corporation is one of the largest financial services companies in the world. The Canadian company was founded in 1887 as The Manufacturers Life Insurance Company. Since then, it has become a leading provider of insurance and financial products and operates in more than 20 countries worldwide. Manulife's business model is focused on offering comprehensive financial solutions to customers. This includes not only insurance but also a wide range of investment products, wealth management, and financial advice. The company primarily focuses on the target groups of private and corporate customers. Manulife is divided into four main business segments: Insurance, Wealth and Asset Management, Banking, and Corporate. The insurance business is the oldest and largest segment, offering a wide range of life, health, and accident insurance for private and corporate customers. In the Wealth and Asset Management segment, Manulife manages over $500 billion in investment assets worldwide. The company acts as an asset manager for private and institutional investors. Key products include investment funds, stocks, bonds, and ETFs. The third important pillar is retail banking. Manulife offers bank cards, loans, savings accounts, and checking accounts. The goal is to create a one-stop-shop for customers' financial needs. The offering is rounded off by new loan agreements and online banking. The corporate segment encompasses functions such as risk management, compliance, finance, and accounting. Overall, Manulife generates an annual revenue of approximately $35 billion with its business segments. Manulife offers a wide range of insurance and financial products, including life insurance, accident insurance, pension insurance, and health insurance. In addition, Manulife offers investment funds, asset management services, and online brokerage. Another notable product from Manulife is the Flexcare health coverage, which offers customers individual coverage options - a significant advantage compared to the often standardized health plans of other providers. Manulife positions itself as a company with a strong focus on sustainability. This is implemented, for example, through a reduction in the CO2 footprint or investments in clean energy sources. The company also aligns its product offering with sustainable thinking. For example, Manulife offers insurance policies that continuously improve energy efficiency and promote the use of renewable energy. Manulife's focus is primarily on Canada and the Asian region, especially China. The company is already present in many regional and national markets and expects further growth potential from the growing middle class in Asian economies. Over the years, Manulife has received numerous awards as the best insurance company or best asset manager. However, what stands out are the positive ratings from customers and employees, which the company regularly receives over the years. Overall, Manulife is a leading company in the financial industry that impresses with a wide product range and a focus on sustainability. With its global presence and a strong focus on growth markets such as China, Manulife looks towards a successful future.

Manulife Financial SWOT Analysis

Strengths

Manulife Financial Corp possesses several strengths that contribute to its success in the financial services industry. These include:

  • Strong brand reputation
  • Extensive global presence
  • Diversified product portfolio
  • Robust financial position
  • Effective risk management practices

Weaknesses

However, some weaknesses may hinder Manulife Financial Corp's performance and market position, including:

  • Dependence on traditional insurance products
  • Vulnerability to economic cycles
  • Potential regulatory constraints
  • Relatively lower market share compared to competitors
  • Slow adoption of emerging technologies

Opportunities

Manulife Financial Corp can leverage various opportunities to further strengthen its business prospects, such as:

  • Expanding into emerging markets with growing middle-class populations
  • Increasing demand for retirement and wealth management services
  • Investing in digital transformation and technological advancements
  • Strategic partnerships and acquisitions
  • Addressing the underserved insurance markets

Threats

There are certain threats that Manulife Financial Corp should monitor and mitigate to sustain its market position, including:

  • Intense competition within the financial services sector
  • Market volatility and economic uncertainties
  • Changing customer preferences and needs
  • Increasing regulatory compliance requirements
  • Cybersecurity risks and data breaches

Manulife Financial Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Manulife Financial historical P/E ratio, EBIT multiple, and P/S ratio

Manulife Financial annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Manulife Financial shares outstanding

The number of shares of Manulife Financial was 1.69 B in 2025. This indicates how many shares Manulife Financial is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

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  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
1.94 B Stocks
Jan 1, 2022
1.91 B Stocks
Jan 1, 2023
1.82 B Stocks
Jan 1, 2024
1.76 B Stocks
Jan 1, 2025
1.69 B Stocks
Jan 1, 2026 (e)
1.69 B Stocks
Jan 1, 2027 (e)
1.69 B Stocks
Jan 1, 2028 (e)
1.69 B Stocks

Manulife Financial stock splits

In Manulife Financial's history, there have been no stock splits.

Manulife Financial Dividend History

27 years of dividend payments · 4 consecutive increases

YearAnnual DividendYoY ChangePayments
20260.97CADYTD—2×
Feb 25, 20260.49CAD↑ 10.2%1/2
May 29, 20260.49CAD 0.0%2/2
20251.76CAD↑ 10.0%4×
Mar 5, 20250.44CAD↑ 10.0%1/4
May 21, 20250.44CAD 0.0%2/4
Aug 20, 20250.44CAD 0.0%3/4
Nov 26, 20250.44CAD 0.0%4/4
20241.60CAD↑ 9.6%4×
20231.46CAD↑ 10.6%4×
20221.32CAD↑ 48.3%4×
20210.89CAD↓ 20.5%4×
20201.12CAD↑ 12.0%4×
20191.00CAD↑ 9.9%4×
20180.91CAD↑ 11.0%4×
20170.82CAD↑ 10.8%4×

Manulife Financial dividend history and estimates

In 2025, Manulife Financial paid a dividend amounting to 1.76 CAD. Dividend means that Manulife Financial distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021
0.89 CAD
0.00 CAD
0.05 CAD
Jan 1, 2022
1.32 CAD
0.00 CAD
0.00 CAD
Jan 1, 2023
1.46 CAD
0.00 CAD
0.00 CAD
Jan 1, 2024
1.60 CAD
0.00 CAD
0.00 CAD
Jan 1, 2025
1.76 CAD
0.00 CAD
0.00 CAD
Jan 1, 2026 (e)
0.49 CAD
1.46 CAD
0.00 CAD
Jan 1, 2027 (e)
0.00 CAD
2.12 CAD
0.00 CAD
Jan 1, 2028 (e)
0.00 CAD
2.32 CAD
0.00 CAD

Manulife Financial dividend payout ratio

In 2025, Manulife Financial had a payout ratio of 51.41%. The payout ratio indicates the percentage of the company's profits that Manulife Financial distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
25.99 %
Jan 1, 2022
-119.96 %
Jan 1, 2023
51.22 %
Jan 1, 2024
49.92 %
Jan 1, 2025
51.41 %
Jan 1, 2026 (e)
43.55 %
Jan 1, 2027 (e)
42.99 %
Jan 1, 2028 (e)
43.24 %

Current Manulife Financial forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
3.67 %
Buy
73.68 % (14)
Hold
21.05 % (4)
Sell
5.26 % (1)
12M Price Target
57.63
Last Price
62.52
Currency
CAD
12M Return Potential
-7.82 %
LTM Return
0 %

Manulife Financial Analyst Rating Actions

DateFirmActionRatingReliability
11/14/2025
RBC Capital
RBC Capital
MaintainedOutperform52
8/8/2025
RBC Capital
RBC Capital
MaintainedOutperform52
2/21/2025
RBC Capital
RBC Capital
MaintainedOutperform52
6/28/2024
TD Securities
TD Securities
MaintainedBuy–
2/15/2024
BMO Capital
BMO Capital
UpgradeMarket PerformOutperform–
8/11/2023
Barclays
Barclays
MaintainedOverweight33
2/17/2023
RBC Capital
RBC Capital
MaintainedSector Perform52
7/27/2022
Scotiabank
Scotiabank
UpgradeSector PerformSector Outperform75
8/10/2021
Credit Suisse
Credit Suisse
DowngradeOutperformNeutral–
1/13/2020
Barclays
Barclays
MaintainedOverweight33

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Manulife Financial Earnings Calls

2025

Manulife Financial Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/8/20240.90CAD--CAD-2024 Q1
2/7/20240.86CAD--CAD-2023 Q4
8/8/20230.82CAD--CAD-2023 Q2
5/9/20230.81CAD--CAD-2023 Q1
2/7/20230.82CAD--CAD-2022 Q4
11/9/20220.69CAD--CAD-2022 Q3
8/10/20220.77CAD--CAD-2022 Q2
5/11/20220.83CAD--CAD-2022 Q1
2/9/20220.83CAD--CAD-2021 Q4
11/3/20210.80CAD--CAD-2021 Q3
...

EESG©

Eulerpool ESG Scorecard© for the Manulife Financial stock

91/100
99
Environment
99
Social
74
Governance
E

Environment

20
Scope 1 - Direct Emissions123,897
Scope 2 - Indirect emissions from purchased energy85,677
Scope 3 - Indirect emissions within the value chain712,599
Total CO₂ emissions209,574
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees56
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Manulife Financial shareholder structure

% Name
4.53576%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
3.14301%
RBC Global Asset Management Inc.
RBC Global Asset Management Inc.
2.22452%
RBC Dominion Securities, Inc.
RBC Dominion Securities, Inc.
2.14607%
RBC Wealth Management, International
RBC Wealth Management, International
1.67319%
1832 Asset Management L.P.
1832 Asset Management L.P.
1.67160%
Mackenzie Investments
Mackenzie Investments
...

Manulife Financial Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.8%
Float Shares
-
Shares Outstanding
-

Manulife Financial Executives and Management Board

30 members · avg. age 63 · 33 % women

PW

Mr. Philip Witherington (48)

President, Chief Executive Officer

9.16 M CAD

Management

PL

Mr. Paul Lorentz

President and Chief Executive Officer, Global Wealth and Asset Management

7.69 M CAD
RJ

Mr. Rahul Joshi

Chief Operations Officer

6.69 M CAD
CS

Mr. Colin Simpson

Chief Financial Officer

5.00 M CAD
SF

Mr. Steven Finch

President and Chief Executive Officer of Manulife Asia

–
NI

Mr. Naveed Irshad

President and Chief Executive officer - Manulife Canada

–
BT

Mr. Brooks Tingle

President and Chief Executive Officer - John Hancock

–

Board of Directors

DL

Mr. Donald Lindsay (66)

Independent Chairman of the Board

585,969.00 CAD
NA

Ms. Nicole Arnaboldi (66)

Independent Director

372,263.00 CAD
GB

Mr. Guy Bainbridge (65)

Independent Director

372,263.00 CAD
MT

Ms. May Tan (69)

Independent Director

349,551.00 CAD
JD

Ms. Julie Dickson (67)

Independent Director

317,113.00 CAD
LT

Ms. Leagh Turner (53)

Independent Director

317,113.00 CAD

Manulife Financial Supply Chain

Manulife Financial Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
19 companies
#Nameβ 1YTrend
1
First Community
Supplier·Customer·Banks·US
-0.55
0.78
0.70
0.36
0.34
0.86
—
2
DBS Group Holdings
Supplier·Customer·Banks·SG
0.76
0.94
0.82
0.84
0.73
0.84
0.51
3
Southern First Bancshares
Supplier·Customer·Banks·US
-0.03
0.74
0.45
0
0.06
0.83
—
4
SB Financial Group
Supplier·Customer·Banks·US
-0.04
0.78
0.75
0.79
0.67
0.83
—
5
State Bank of India
Supplier·IN
0.43
0.85
0.79
0.78
0.59
0.81
—
#Nameβ 1YTrend
1
Jacada Ltd.
Supplier·IL
0.30
0.26
—
—
—
—
—
2
Westbury Bancorp
Supplier·Customer·Thrifts & Mortgage Finance·US
0.11
0.84
0.53
0.36
0.41
—
—
3
Medallia, Inc.
Supplier·US
-0.25
-0.71
-0.30
0.49
0.13
—
—
4
Pakuwon Jati
Supplier·ID
-0.28
0.50
0.05
—
—
—
—
5
Manulife US REIT-S
Supplier·Customer·Equity Real Estate Investment Trusts (REITs)·SG
0.17
0.82
0.84
0.28
-0.27
-0.37
—

Frequently asked questions about Manulife Financial

The business model of Manulife Financial Corp focuses on providing financial services, including insurance, investment management, and wealth and asset management solutions. As a leading international financial services group, Manulife operates in various markets worldwide, offering individuals and businesses a range of products and services to meet their insurance and investment needs. With a diverse portfolio of offerings, Manulife strives to help its customers achieve their financial goals and secure their financial future. Through its global presence and strong customer-centric approach, Manulife aims to be a trusted partner in delivering innovative and reliable financial solutions.

Manulife Financial Corp is primarily active in the insurance and financial services industry.

The main competitors of Manulife Financial Corp in the market include other major insurance and financial services companies such as Great-West Lifeco, Sun Life Financial, and Bank of Montreal (BMO). These competitors also offer a wide range of insurance, investment, and banking products and services. Manulife Financial Corp faces competition in various sectors including life insurance, retirement planning, wealth management, and asset management.

Manulife Financial Corp is a leading multinational financial services provider with a rich history and background. Established in 1887, the company has grown to become one of Canada's largest insurers. Manulife offers a diverse range of financial products and services, including life insurance, wealth management, and retirement solutions. With a strong presence in Asia, especially in regions like China and Hong Kong, Manulife has expanded its global footprint significantly. Over the years, the company has become renowned for its innovative solutions and customer-centric approach, making it a trusted name in the financial industry. Manulife Financial Corp continues to strive for excellence and provide secure financial solutions to individuals and businesses worldwide.

Manulife Financial Corp has achieved several significant milestones over the years. One notable achievement is its establishment in 1887, making it one of the oldest life insurance companies in Canada. The company has also successfully expanded its operations globally, with a strong presence in the Asia-Pacific region, particularly in China and Japan. In 2001, Manulife became the first North American-based financial services company to be granted a license to sell life insurance in China. Additionally, in 2013, Manulife acquired the Canadian-based Standard Life business, further strengthening its market position. These milestones demonstrate Manulife Financial Corp's long-standing history, global reach, and strategic acquisitions, contributing to its growth as a leading financial services provider.

Manulife Financial Corp is primarily present in Canada, the United States, and select countries in Asia.

Manulife Financial Corp represents various values and a strong corporate philosophy. The company is committed to delivering strong financial results, focusing on customer-centricity and delivering consistent value to its investors. Manulife holds expertise in providing innovative insurance, wealth management, and investment solutions to its customers. With a customer-first approach, the company strives to build long-term relationships based on trust and integrity. Manulife aims to empower individuals to make confident and informed financial decisions, providing them with peace of mind and financial security. Through its dedication to excellence and responsible business practices, Manulife Financial Corp has established itself as a trusted leader in the financial services industry.

Analysts currently set an average price target of 56.76 CAD for the Manulife Financial stock (median: 57.63 CAD), implying -9.2 % versus the latest price. The consensus is based on 19 analyst ratings.

Manulife Financial Analyst Price Targets 2026

19 analysts currently rate the Manulife Financial stock: 14 recommend buying, 4 holding and 1 selling. For 2026, analysts expect Manulife Financial to generate revenue of 42.11 B CAD and earnings per share of 4.50 CAD.

Manulife Financial Analyst Price Targets 2026

Converted at the current exchange rate, the Manulife Financial share trades at 38.32 EUR (61.78 CAD).

The Manulife Financial share (MFC.TO) is listed on 9 stock exchanges, including: NYSE (MFC), Frankfurt (MLU.F), München (MLU.MU), Düsseldorf (MLU.DU), London (0V5H.L), London (0V5H.L), SIX (Zürich) (MLU.SW), Toronto (MFC.TO).

Manulife Financial Corp is a globally leading company in the fields of financial services and insurance. The company was founded in 1887 and is headquartered in Toronto, Canada. Manulife Financial Corp operates in various areas, including life insurance, investment funds, pensions and retirement plans, and asset management. In these areas, Manulife offers financial products and services tailored to the needs of its customers. The life insurance division of Manulife Financial Corp offers a variety of life insurance policies. Customers can choose from different types of life insurance based on their needs and budget. Types of life insurance offered include term life insurance, variable life insurance, and universal life insurance. The investment funds division of Manulife Financial Corp offers investment funds managed by experienced fund managers. Manulife Financial Corp's funds encompass a variety of asset classes, including stocks, bonds, and alternative investments. The investment funds cater to investors with different investment goals and risk profiles. The pensions and retirement plan division of Manulife Financial Corp offers a wide range of pension and retirement plans. These plans help customers achieve their financial goals in retirement. Plans offered include annuities, pension plans, and retirement investment options. The asset management division of Manulife Financial Corp provides a variety of wealth management services to assist customers in managing their assets. This includes asset management funds managed by experienced asset managers and investment platforms for customers to manage their own portfolios. Manulife Financial Corp also has a global presence and offers its services in various countries. The company has offices in North and South America, Europe, and Asia. Overall, Manulife Financial Corp's business model is focused on providing a wide range of financial services and products tailored to the needs of its customers. The company aims to help its customers achieve their financial goals and provide excellent customer service.

The expected revenue of Manulife Financial is 42.11 B CAD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Manulife Financial is 7.61 B CAD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Manulife Financial is currently 13.71. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Manulife Financial stock.

The price-to-sales ratio (P/S) of Manulife Financial is currently 2.48. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Manulife Financial stock.

The Eulerpool Quality Score for Manulife Financial is 5/10.

The ISIN of Manulife Financial is CA56501R1064. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Manulife Financial is 926517. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Manulife Financial is MFC.TO. The ticker symbol is used to trade Manulife Financial shares on the stock exchange.

Over the past 12 months, Manulife Financial paid a dividend of 1.76 CAD . This corresponds to a dividend yield of about 2.85 %. For the coming 12 months, Manulife Financial is expected to pay a dividend of 2.12 CAD.

The current dividend yield of Manulife Financial is 2.85 %.

Manulife Financial pays a dividend, distributed in the months of , , , .

Manulife Financial paid dividends every year for the past 26 years.

For the upcoming 12 months, dividends amounting to 2.12 CAD are expected. This corresponds to a dividend yield of 3.40 %.

Manulife Financial is assigned to the 'Finance' sector.

In the year 2025, Manulife Financial distributed 1.6 CAD as dividends.

The dividends of Manulife Financial are distributed in CAD.

All fundamentals and in-depth analysis of Manulife Financial

Our stock analysis for Manulife Financial stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Manulife Financial. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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