Monday, January 7, 2008

Dividend Growing Stocks VIII – Manulife Financial (MFC)

“Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$399.0 billion (US$400.5 billion) as at September 30, 2007.”

-Current PE – 14.2X
-2008 Estimated PE – 12.5X
-2009 Estimated PE – 11.11X
-ROE – 16.32%
-Current Yield – 2.5%
-5 Year Average Yield – 1.7%
-Current Payout Ratio – 30%
-5 Year Historical Payout Ratio – 24%
-3 year dividend growth rate – 28.17 %
-5 year dividend growth rate – 30.10%
-Well diversified internationally with a strong presence in the emerging asian markets.
-“Manulife Financial is one of two publicly traded life insurance companies in North America whose rated life insurance subsidiaries hold Standard & Poor's Rating Services' highest "AAA" rating and Moody's Investor Services' second highest "Aa1" rating, both representing financial strength.”

Disclosure: I don’t currently own MFC however, it is certainly one that I would like to eventually add to my portfolio. I will be keeping a close eye on this name over the next few months.


MG (moneygardener) said...

great company and one of the swiftest raisers of dividends out there. You also get good China exposure and excellent mgmt. i think they might do a big acquisition this year which could provide you your buying opportunity.

ROK said...

I'd love to get hold of some of this one too. Still trying to figure out a good entry point.

P/B ratio is above the historical average, and P/E is slightly above. OTOH, yield is above average as well.


Im not a big fan of financial stocks regardless of their quality.