Sun Life Financial Inc. (NYSE:SLF) Plans 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) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Wednesday, February 25th.

Sun Life Financial has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Sun Life Financial has a dividend payout ratio of 46.1% meaning 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 Trading Down 0.9%

NYSE SLF opened at $64.93 on Thursday. Sun Life Financial has a 1 year low of $52.44 and a 1 year high of $66.81. The company has a fifty day simple moving average of $62.39 and a 200 day simple moving average of $60.60. The company has a market cap 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.