Sun Life Financial Inc. (NYSE:SLF) to Issue Quarterly Dividend of $0.64

Key Points

• Sun Life Financial Inc. has increased its quarterly dividend to $0.64 per share, representing a 1.0% rise from the previous dividend of $0.63, with a yield of 4.5%.
• The company's recent stock performance showed a decline of 7.9%, with shares trading at $56.65 and an average volume of 685,726 shares.
• Sun Life Financial reported $1.29 earnings per share for the last quarter, meeting analyst estimates, but the revenue of $6.65 billion fell short of the expected $7.34 billion.

Sun Life Financial Inc. (NYSE:SLF - Get Free Report) TSE: SLF announced a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Shareholders of record on Wednesday, August 27th will be paid a dividend of 0.6394 per share by the financial services provider on Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, August 27th. This is a 1.0% increase from Sun Life Financial's previous quarterly dividend of $0.63.

Sun Life Financial has a dividend payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Research 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 $2.56 annual dividend with an expected future payout ratio of 45.1%.

Sun Life Financial Stock Up 0.8%

SLF stock traded up $0.48 during trading on Wednesday, reaching $58.08. The company's stock had a trading volume of 72,765 shares, compared to its average volume of 681,359. Sun Life Financial has a 1 year low of $50.53 and a 1 year high of $66.81. The company has a market capitalization of $32.71 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. The company's fifty day moving average is $63.00 and its 200-day moving average is $59.79.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $1.29 earnings per share for the quarter, meeting analysts' consensus estimates of $1.29. The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.34 billion. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%. During the same quarter last year, the business posted $1.11 earnings per share. Analysts anticipate 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.