Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) announced a quarterly dividend on Thursday, November 10th. Investors of record on Wednesday, November 30th will be given a dividend of 0.3134 per share on Friday, December 30th. This represents a $1.25 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Monday, November 28th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.31.

Shares of Sun Life Financial (NYSE:SLF) opened at 39.60 on Friday. Sun Life Financial has a 1-year low of $25.31 and a 1-year high of $39.87. The company has a 50-day moving average price of $34.93 and a 200 day moving average price of $33.31. The company has a market capitalization of $24.27 billion, a P/E ratio of 14.29 and a beta of 1.17.

Dividend History for Sun Life Financial (NYSE:SLF)

A number of research analysts have recently weighed in on SLF shares. TD Securities restated a “buy” rating and issued a $47.00 target price on shares of Sun Life Financial in a report on Saturday, August 13th. Edward Jones lowered Sun Life Financial from a “buy” rating to a “hold” rating in a report on Monday, November 21st. Zacks Investment Research upgraded Sun Life Financial from a “sell” rating to a “hold” rating in a report on Tuesday, November 22nd. Canaccord Genuity lowered Sun Life Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Finally, Morgan Stanley restated a “hold” rating on shares of Sun Life Financial in a report on Sunday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.25.

Institutional investors have recently bought and sold shares of the company. Fort Washington Investment Advisors Inc OH raised its position in Sun Life Financial by 1.9% in the second quarter. Fort Washington Investment Advisors Inc OH now owns 11,169 shares of the company’s stock worth $367,000 after buying an additional 203 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in Sun Life Financial by 7.2% in the third quarter. Candriam Luxembourg S.C.A. now owns 15,499 shares of the company’s stock worth $503,000 after buying an additional 1,040 shares during the last quarter. KCG Holdings Inc. raised its position in Sun Life Financial by 14.5% in the second quarter. KCG Holdings Inc. now owns 12,304 shares of the company’s stock worth $403,000 after buying an additional 1,554 shares during the last quarter. Raymond James & Associates raised its position in Sun Life Financial by 28.3% in the second quarter. Raymond James & Associates now owns 7,997 shares of the company’s stock worth $262,000 after buying an additional 1,763 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Sun Life Financial by 8.8% in the second quarter. Fifth Third Bancorp now owns 25,859 shares of the company’s stock worth $849,000 after buying an additional 2,092 shares during the last quarter. 42.62% of the stock is owned by hedge funds and other institutional investors.

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Sun Life Financial Company Profile

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.

5 Day Chart for NYSE:SLF

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