RE: Manulife Dividend funds
The article read
"Of course there is still the risk of dividends being cut, and that’s not a risk to be casually dismissed. Even the best companies have done it (Manulife, how could you?), and often in good times"
Back then when the CEO cut the dividend, we were just coming out of a depression fear,
and he thought that it was possible to fall again into another one.
So he prepared the company to withstand another such future event.
This is why we would not see the likes of a $9.00 stock price anymore.
Fortunately the markets been going up and up,so when the big Players
have accumulated enough MFC shares at these low prices, they will stop
keeking the price down and MFC will restore its true value once again.