Sun Life Financial Inc (TSE:SLF) Announces Quarterly Dividend of $0.55

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) announced a quarterly dividend on Wednesday, November 6th, RTT News reports. Stockholders of record on Wednesday, November 27th will be given a dividend of 0.55 per share by the financial services provider on Tuesday, December 31st. This represents a $2.20 annualized dividend and a dividend yield of 3.63%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.53.

TSE:SLF opened at C$60.66 on Thursday. The stock has a market cap of $34.98 billion and a P/E ratio of 15.43. The company has a current ratio of 10,847.75, a quick ratio of 10,082.25 and a debt-to-equity ratio of 16.62. The stock’s 50-day moving average is C$58.66 and its 200-day moving average is C$55.34. Sun Life Financial has a 1-year low of C$43.13 and a 1-year high of C$60.72.

Several research firms have recently weighed in on SLF. CIBC reduced their price target on Sun Life Financial from C$54.00 to C$53.00 in a report on Friday, August 2nd. National Bank Financial boosted their price target on Sun Life Financial from C$59.00 to C$63.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. TD Securities reduced their price target on Sun Life Financial from C$61.00 to C$60.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Evercore set a C$63.00 price target on Sun Life Financial and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, Evercore ISI restated an “outperform” rating and set a C$63.00 price target on shares of Sun Life Financial in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Sun Life Financial has an average rating of “Buy” and an average target price of C$58.36.

In related news, Senior Officer Stephen Peacher sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.60, for a total value of C$631,200.00. Following the sale, the insider now directly owns 15,407 shares in the company, valued at C$810,408.20. Also, Director Dean Connor sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$52.30, for a total value of C$1,045,952.00. Following the completion of the sale, the director now owns 142,211 shares in the company, valued at C$7,437,293.99. Insiders sold 66,309 shares of company stock worth $3,676,512 over the last quarter.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

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Dividend History for Sun Life Financial (TSE:SLF)

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