Sun Life Financial Inc. (NYSE:SLF) Declares C$0.92 Quarterly Dividend

Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) announced a quarterly dividend on Wednesday, February 11th. Stockholders of record on Wednesday, February 25th will be paid a dividend of 0.92 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Wednesday, February 25th.

Sun Life Financial has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Sun Life Financial has a payout ratio of 46.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sun Life Financial to earn $5.67 per share next year, which means the company should continue to be able to cover its $2.61 annual dividend with an expected future payout ratio of 46.0%.

Sun Life Financial Stock Down 0.9%

SLF stock opened at $64.93 on Thursday. Sun Life Financial has a 52 week low of $52.44 and a 52 week high of $66.81. The firm has a 50-day simple moving average of $62.39 and a 200-day simple moving average of $60.60. The stock has a market capitalization of $35.96 billion, a P/E ratio of 17.27 and a beta of 0.88.

About Sun Life Financial

Sun Life Financial Inc, founded in 1865 and headquartered in Toronto, Ontario, is an international financial services organization that provides a range of insurance, wealth management and asset management solutions. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.

Core business activities include life and health insurance, group benefits for employers, retirement and pension products, and wealth management services such as mutual funds and segregated fund solutions.