Sun Life Financial Inc (SLF) Announces Quarterly Dividend of $0.46

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Shareholders of record on Thursday, March 1st will be given a dividend of 0.455 per share by the financial services provider on Thursday, March 29th. This represents a $1.82 annualized dividend and a yield of 3.52%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.02.

Sun Life Financial (TSE SLF) traded up C$0.23 on Wednesday, reaching C$51.67. The company’s stock had a trading volume of 1,082,906 shares, compared to its average volume of 1,106,954. The stock has a market cap of $31,400.00, a P/E ratio of 11.93 and a beta of 0.49. Sun Life Financial has a 12-month low of C$43.51 and a 12-month high of C$55.20.

In other Sun Life Financial news, Director Dean Connor sold 50,042 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$50.37, for a total transaction of C$2,520,615.54. Also, insider Colm Joseph Freyne sold 17,731 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of C$49.93, for a total value of C$885,308.83.

Several research firms have commented on SLF. CSFB upped their price objective on Sun Life Financial from C$54.00 to C$56.00 in a research note on Monday, January 29th. National Bank Financial upped their price objective on Sun Life Financial from C$54.00 to C$60.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. TD Securities upped their price objective on Sun Life Financial from C$53.00 to C$54.00 and gave the company a “hold” rating in a research note on Thursday, November 9th. Royal Bank of Canada upped their price objective on Sun Life Financial from C$53.00 to C$56.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, Barclays upped their price objective on Sun Life Financial from C$53.00 to C$55.00 in a research note on Thursday, January 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$56.13.

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About Sun Life Financial

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

Dividend History for Sun Life Financial (TSE:SLF)

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