
TSE:MFC
Long term? He likes MFC, a mainstay for him. MFC has been through a trial over the past 12 months with a legal issue. He likes the 4.6% dividend, which matches the banks, something he was a doubtful about just recently. MFC isn't a bad way to collect yield. It has strong fundamentals. Good long term and he would add to it now. They are growing their dividend.
It has been a bit of a disappointment in that it has Asian exposure and has been there for decades, but the yield curve is a real headwind. They have to keep taking charges. He prefers SLF-T. They are good, solid companies, but they need a break on the yield curve.