Manulife: Why This Unloved 5% Yielder Is A Sound Buy

Gen Alpha
Investing Group

Summary

  • Manulife has seen meaningful share price weakness in recent months while the rest of the market has rallied.
  • Meanwhile, its business is executing well on all fronts, and is seeing strong momentum in Asia and in global wealth management.
  • Management has demonstrated effective cost management and maintains a strong balance sheet while paying a growing dividend.
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Pink piggybank stuffed with dollar bills

MarsBars/E+ via Getty Images

Canadian financial institutions remain a good place for dividend growth seekers. This includes its largest banks with renowned dividend track records, as I recently highlighted in my article about Bank of Montreal (BMO).

In this article, I'm

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This article was written by

Gen Alpha
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I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium- to long-term horizon.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

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