Sun Life Financial Inc. (SLF) To Go Ex-Dividend on November 27th

Posted by Maddie Sorensen on Nov 25th, 2024

Sun Life Financial Inc. (NYSE:SLF – Get Free Report) (TSE:SLF) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Shareholders of record on Wednesday, November 27th will be given a dividend of 0.621 per share by the financial services provider on Tuesday, December 31st. This represents a $2.48 annualized dividend and a yield of 4.06%. The ex-dividend date is Wednesday, November 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59.

Sun Life Financial has raised its dividend by an average of 10.5% annually over the last three years. Sun Life Financial has a payout ratio of 45.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sun Life Financial to earn $5.37 per share next year, which means the company should continue to be able to cover its $2.41 annual dividend with an expected future payout ratio of 44.9%.

Sun Life Financial Stock Down 0.3 %

NYSE SLF opened at $61.18 on Monday. The stock’s 50 day moving average is $57.89 and its 200 day moving average is $53.19. The firm has a market capitalization of $35.22 billion, a PE ratio of 13.63, a P/E/G ratio of 1.58 and a beta of 1.01. Sun Life Financial has a twelve month low of $46.41 and a twelve month high of $61.86.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Barclays began coverage on shares of Sun Life Financial in a research note on Thursday, September 5th. They set an “equal weight” rating for the company.

Check Out Our Latest Analysis on SLF

Sun Life Financial Company Profile

(Get Free Report)

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.