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  5. MFC: Why did the stock go up 27% over the last year? [Manulife Financial Corporation]
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Q: Why did the stock go up 27% over the last year?
Asked by Ron on June 11, 2024
5i Research Answer:

The sector started to act better with the anticipation of lower interest rates. MFC raised its dividend in February of 2023 and again in February 2024. Earnings have come in better than expected, with good growth. MFC has finally started to execute better and investors have rewarded it. 

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