Manulife Financial (MEX:MFCN) Dividend Payout Ratio: 0.46 (As of Mar. 2026) — 18% Above Median


MEX:MFCN Manulife Financial Corp MEX:MFCN
70 GF Score
Price MXN574.00
GF Value MXN441.09
! 8 Warning Signs
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What is Manulife Financial Dividend Payout Ratio?

Manulife Financial MEX:MFCN 70 Dividend Payout Ratio is 0.46 as of Mar. 2026, which is 18% above its 10-year median of 0.39. GuruFocus rates MEX:MFCN with a GF Score™ of 70/100 and a GF Value™ of MXN441.09. The stock has 8 warning signs investors should review. Among 336 Insurance companies, Manulife Financial ranks worse than 59.23% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Manulife Financial's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.46.

The historical rank and industry rank for Manulife Financial's Dividend Payout Ratio or its related term are showing as below:


During the past 13 years, the highest Dividend Payout Ratio of Manulife Financial was 0.57. The lowest was 0.33. And the median was 0.39.

MEX:MFCN's Dividend Payout Ratio is not ranked *
in the Insurance industry.
Industry Median: 0.38
* Ranked among companies with meaningful Dividend Payout Ratio only.

As of today (2026-06-24), the Dividend Yield % of Manulife Financial is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Manulife Financial was 7.34%. The lowest was 0.00%. And the median was 4.12%.

Manulife Financial's Dividends per Share for the months ended in Mar. 2026 was MXN6.38.

During the past 12 months, Manulife Financial's average Dividends Per Share Growth Rate was 10.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Manulife Financial was 25.10% per year. The lowest was -19.60% per year. And the median was 10.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Manulife Financial (MEX:MFCN) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Manulife Financial Dividend Payout Ratio Related Terms

Manulife Financial Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Manulife Financial's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Manulife Financial Dividend Payout Ratio Chart

Manulife Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.43 0.56 0.56 0.57

Manulife Financial Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.76 0.46 0.38 0.54 0.46

MEX:MFCN vs AFL, MET, PRU: Dividend Payout Ratio Comparison

For the Insurance - Life subindustry, Manulife Financial's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Manulife Financial Dividend Payout Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Manulife Financial's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Manulife Financial's Dividend Payout Ratio falls into.


MEX:MFCN
70GF Score
Manulife Financial Corp MEX:MFCN
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Manulife Financial Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Manulife Financial's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=22.972/ 40.071
=0.57

Manulife Financial's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=6.375/ 13.932
=0.46

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.46 mean?
Manulife Financial (MEX:MFCN) has a Dividend Payout Ratio of 0.46 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Manulife Financial and its competitors. This is 18% above median its historical median of 0.39. Over the past decade, Manulife Financial's Dividend Payout Ratio has ranged from 0.33 to 0.57. According to the industry distribution chart, Manulife Financial ranks #199 out of 336 companies in the Insurance industry, placing it in the top 59.2%.
Is Manulife Financial's Dividend Payout Ratio too high?
Manulife Financial's current Dividend Payout Ratio of 0.46 is 18% above median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.57. The Insurance industry median Dividend Payout Ratio is 0.38. Manulife Financial's value of 0.46 is 21.1% above this industry median. Based on the distribution chart, Manulife Financial ranks #199 out of 336 companies in the Insurance industry, which is below the industry midpoint. Overall, Manulife Financial has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Manulife Financial's Dividend Payout Ratio compare to AFL and MET?
According to the Insurance industry distribution chart, Manulife Financial ranks #199 out of 336 companies for Dividend Payout Ratio. This places Manulife Financial in the lower half of its industry. The industry median Dividend Payout Ratio is 0.38. Manulife Financial's value of 0.46 is 21.1% above this benchmark. Historically, Manulife Financial's own Dividend Payout Ratio has ranged from 0.33 to 0.57 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.38, Manulife Financial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Insurance company?
The median Dividend Payout Ratio among Insurance companies is 0.38, based on 336 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manulife Financial's current Dividend Payout Ratio of 0.46 is 21.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Manulife Financial and its competitors. For the Insurance industry, the median Dividend Payout Ratio is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife Financial's current Dividend Payout Ratio is 0.46, which is 18% above median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manulife Financial stock overvalued right now?
Manulife Financial (MEX:MFCN) has a current Dividend Payout Ratio of 0.46. The stock's GF Value™ is MXN441.09, compared to a current price of MXN574.00 — trading 30.1% above its estimated fair value. The current Dividend Payout Ratio is 0.46, which is 18% above median its 10-year median of 0.39 and 21.1% above the Insurance industry median of 0.38. Manulife Financial's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Manulife Financial (MEX:MFCN), the current Dividend Payout Ratio is 0.46 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Manulife Financial (MEX:MFCN) Overvalued in 2026?

Based on GuruFocus' analysis, Manulife Financial stock appears to be overvalued. The current stock price of MXN574.00 is trading 30.1% above its estimated GF Value™ of MXN441.09.

Key valuation signals for MEX:MFCN:

  • Dividend Payout Ratio: 0.46 (18% above median its 10-year median of 0.39)
  • GF Value™: MXN441.09 vs. price of MXN574.00 (30.1% above fair value)
  • GF Score™: 70/100 with 8 warning signs
  • Industry Position: 21.1% above the Insurance median (#199 of 336)

No single metric tells the full story. See the MEX:MFCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Manulife Financial Business Description

Address 200 Bloor Street East, Toronto, ON, CAN, M4W 1E5
Manulife Financial is one of the Big Three Canadian life insurers. The firm provides life insurance, annuities, asset management, and wealth management products to individuals and group customers in Canada, the United States, and Asia. The Canadian business segment contributes approximately 21% of 2025 adjusted earnings. The Asia segment operates across 12 countries and contributes around 38% of earnings, with a significant presence in Hong Kong and Singapore. The US business, which primarily operates under the John Hancock brand, contributes about 16% of earnings. Manulife's global asset and wealth management business contributes approximately 25% of its earnings and had around CAD 1.1 trillion in assets under management and administration as of the end of 2025.
70GF Score

Get the complete analysis for MEX:MFCN

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN574.00
Price
MXN441.09
GF Value