Comments on: Manulife Dividend Cut and Links

By: Dividend Growth Investor

Dividend Growth Investor — Tue, 11 Aug 2009 19:55:32 +0000

This goes on to show you that you have to be diversified, not own just financials and reits because the current yields look tempting on paper. People which fail to learn from their mistakes are doomed to repeat them over and over..

PS I was viewing MFC as a potential buy candidate for my portfolio, but won’t do it now..

By: Jess

Jess — Sun, 09 Aug 2009 23:26:25 +0000

I own a bit of Manulife. I’m not concern. I’m pretty diversified not only in paper trading but in businesses and hard assets as well. Like your blog and I’m always reading it. Don’t want to be left behind for new ideas! =)

By: MoneyEnergy

MoneyEnergy — Sat, 08 Aug 2009 01:40:26 +0000

I own some MFC common stock. Very surprised at the cut, especially coming so late – I thought all the recession-cutting of divs was over with. Just shows you not to depend 100% even on direct dividend income – best to manage your cashflows with a good weighting in more stable interest-paying vehicles like money markets. Or buy way less volatile stocks, like SC (which barely gave a budge during the whole financial debacle!).

By: WhereDoesAllMyMoneyGo.com

WhereDoesAllMyMoneyGo.com — Fri, 07 Aug 2009 17:23:59 +0000

Thanks for the link – they’ve been raising capital like mad (MFC).

By: Million Dollar Journey

Million Dollar Journey — Fri, 07 Aug 2009 14:51:06 +0000

Thanks for the link Mike. I own MFC and was very surprised at the dividend cut. I hope it doesn’t give the other big dividend payers any ideas!

By: Mike

Mike — Fri, 07 Aug 2009 03:02:28 +0000

I don’t own MFC either although I did consider it at times.

I don’t know if the banks will cut – you would think they would have done it last year if they were ever going to.

By: Canadian Capitalist

Canadian Capitalist — Fri, 07 Aug 2009 02:58:42 +0000

Thanks for the mention Mike. I don’t own Manulife directly but it is a shocker nonetheless. Could any of the banks do the unthinkable and cut the dividend now that Manulife has set a precedent?