Sun Life Financial Inc. (TSE:SLF) Declares Quarterly Dividend of $0.69

Sun Life Financial Inc. (TSE:SLFGet Rating) (NYSE:SLF) declared a quarterly dividend on Wednesday, May 11th, RTT News reports. Investors of record on Wednesday, June 1st will be given a dividend of 0.69 per share by the financial services provider on Thursday, June 30th. This represents a $2.76 dividend on an annualized basis and a yield of 4.40%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.66.

SLF stock opened at C$62.72 on Thursday. Sun Life Financial has a fifty-two week low of C$62.00 and a fifty-two week high of C$74.22. The company has a market capitalization of C$36.76 billion and a price-to-earnings ratio of 9.38. The business’s 50 day moving average price is C$67.67 and its two-hundred day moving average price is C$69.23. The company has a debt-to-equity ratio of 53.27, a quick ratio of 11.27 and a current ratio of 11.91.

Sun Life Financial (TSE:SLFGet Rating) (NYSE:SLF) last issued its quarterly earnings results on Wednesday, February 9th. The financial services provider reported C$1.53 earnings per share for the quarter, hitting the consensus estimate of C$1.53. The firm had revenue of C$13 billion during the quarter. Sell-side analysts forecast that Sun Life Financial will post 6.9899995 earnings per share for the current year.

Several research analysts recently issued reports on SLF shares. Veritas Investment Research reiterated a “reduce” rating on shares of Sun Life Financial in a research note on Wednesday, April 20th. Scotiabank dropped their price target on Sun Life Financial from C$76.00 to C$71.00 in a research report on Monday, May 2nd. Evercore ISI reaffirmed a “hold” rating and set a C$27.00 price objective on shares of Sun Life Financial in a research report on Wednesday, January 12th. CIBC cut their target price on Sun Life Financial from C$81.00 to C$78.00 in a research note on Friday, April 22nd. Finally, National Bank Financial lowered their price target on Sun Life Financial to C$77.00 and set a “sector perform” rating for the company in a research report on Thursday, February 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$71.75.

About Sun Life Financial (Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

Further Reading

Dividend History for Sun Life Financial (TSE:SLF)

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