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Derived from payout historyIncome reliability
Quarterly income profile is visible
MFC.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
MFC.TO
Manulife Financial
FinancialsPlain dividendQuarterly
Market Snapshot
$57.05
-$0.02 (-3.50%)
Toronto
Yield
3.24%
Rate $1.85
Next Payment
Payment date passed
Ex-date 2026-05-29
52wk Position
94.05%
-1.74% below high
Updated just now
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $46.25
- APR
- 0.811
- Coverage
- 0.811
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $46.25
- Cushion
- -$10.80
- Cushion %
- -18.93%
Current $57.05Break $46.25
Smart Recommendation
MFC.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Moderate
1mo agoDRIP availability
Available
1mo agoTax character
Eligible dividend
1mo agoDistribution history
Multi-decade
1mo agoStructure complexity
Moderate
1mo agoIncome trend
Growing
1mo agoAccount suitability
Non-reg: eligible div
1mo agoStructure Overview
Manulife Financial (MFC) is a multinational insurance and wealth management company paying eligible dividends quarterly. MFC cut its dividend during the 2008–2009 financial crisis and subsequently rebuilt it; the multi-decade history predates the cut and the post-cut history reflects a rebuilding period. The company's insurance liabilities and asset-management revenue add complexity to earnings forecasting relative to a pure dividend stock.
Canadian Planning Notes
- 1MFC's dividend was cut in 2009; plan around the post-2014 payout trajectory, which has been consistently growing, when projecting forward distributions.
- 2The insurance and long-duration liability model means earnings are sensitive to long-term interest rates and equity markets; factor this into payout sustainability assessments.
- 3Eligible dividends qualify for the tax credit; DRIP is available through major brokers, and the plan has historically offered a slight discount on reinvested units.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.