Correct me if I am wrong - last time MFG had a 40+c div was back in 2017 distributed twice annually is circa 80c + total. The SP of MFG around 2017 was low $20s. Approx 4+% yield.
Was there a difference in FUM back then to now?
FUM in
2017 was $53B vs FUM now at $46B.
I know sentiment back then was mental compared to now the market is depressed. Is this still on the way down?
Curious to know as I haven't kept tabs on MFG for a while now. If this has bottomed out I don't see why the SP can't appreciate back up again from here.
(20min delay)