Sun Life Financial Inc. (SLF) To Go Ex-Dividend on November 26th

Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) announced a quarterly dividend on Wednesday, November 5th. Investors of record on Wednesday, November 26th will be given a dividend of 0.92 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Wednesday, November 26th. This is a 43.9% increase from Sun Life Financial’s previous quarterly dividend of $0.64.

Sun Life Financial has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Sun Life Financial has a payout ratio of 44.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 $2.54 annual dividend with an expected future payout ratio of 44.8%.

Sun Life Financial Trading Down 4.2%

SLF opened at $59.07 on Friday. The stock’s 50-day moving average price is $60.18 and its 200 day moving average price is $61.30. Sun Life Financial has a 12-month low of $52.44 and a 12-month high of $66.81. The firm has a market cap of $32.99 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.67 and a beta of 0.90.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The company had revenue of $944.53 million for the quarter, compared to analyst estimates of $944.53 million. Sun Life Financial had a net margin of 7.59% and a return on equity of 17.21%. During the same period in the prior year, the firm earned $2.33 earnings per share. On average, research analysts forecast that Sun Life Financial will post 5.19 earnings per share for the current year.

Sun Life Financial Company Profile

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.