From crisis management to growth
Manulife slashed its dividend in half and raised $2.5 billion through an equity issue in order to shore up its balance sheet during the financial crisis.
The company was on the defensive as its stock dropped from $40 per share to about $10 during the worst of the fallout from the collapse in equity markets, and some pundits wondered if the company’s days were numbered."
Dividend growth
Manulife raised the quarterly dividend by 19% in 2014 to $0.155 per share and then hiked it again in April to $0.17 per share.
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