Manulife Financial
At a glance, top Canadian insurer Manulife (TSX:MFC)(NYSE:MFC) makes for an overall healthy stock with a strong track record, attractive market ratios, and a well-covered dividend that’s currently yielding 4.2%.
With a payout ratio of 36%, there’s a lot of potential for this recession-resistant stock to increase its dividends. The wide-moat insurer is active in financial services across North America, Asia, and beyond.
Manulife’s earnings grew by 17% in the past 12 months and are projected to grow by around 9% annually, which should reassure the casual low-risk investor seeking insulation from market forces.
Selling for less than half its fair value, there’s also scope here for some decent capital gains. Indeed, by the middle of the decade, investors in this popular stock should expect to see total returns in the region of 45%.
Canadian Personal finance 