Manulife Boosts Dividend 10% Amid $1.5 Billion Quarterly Earnings
Manulife Financial Corp. has reported impressive financial results for the fourth quarter of its fiscal year. The company achieved net income of $1.5 billion, which is attributed to shareholders. Although this figure represents a slight decrease from last year’s $1.64 billion, the firm is taking steps to reward its investors.
Dividend Increase Announcement
In a significant move, Manulife has raised its dividend by over 10%, now paying 49 cents per common share. This decision reflects the company’s commitment to returning value to shareholders amidst changing financial conditions.
Quarterly Earnings Overview
- Net Income: $1.5 billion, down from $1.64 billion year-over-year.
- Earnings Per Share: 83 cents, a decrease of approximately six percent from 88 cents.
- Adjusted Earnings: Core earnings stood at $2 billion, marking a five percent increase from $1.9 billion in the previous year.
Performance by Segment
Manulife’s core earnings showed a robust performance with significant contributions from various segments. In Asia, core earnings reached US$564 million, while Canada segment earnings were reported at $413 million. Both segments have demonstrated growth compared to the previous year.
CEO Insights
Phil Witherington, CEO of Manulife, indicated that the year 2025 represents a pivotal moment for the company, as it looks to achieve record core earnings. This strategic focus aims to bolster the company’s financial health and market position in the coming years.
Conclusion
Overall, Manulife’s performance in the fourth quarter reflects resilience and a forward-looking strategy, with significant dividends and core earnings growth marking the company’s path ahead.
