Sun Life Financial Inc. (TSE:SLF) Declares Quarterly Dividend of $0.88

Key Points

• Sun Life Financial Inc. declared a quarterly dividend of $0.88 per share, payable on September 29th, which represents an annualized dividend yield of 4.2%.
• Currently, Sun Life Financial's stock is priced at C$84.57, with a market capitalization of C$48.31 billion and a PE ratio of 12.76.
• Analysts have varied ratings for the stock, with a consensus rating of "Moderate Buy" and a target price of approximately C$88.38.

Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF announced a quarterly dividend on Thursday, August 7th, RTT News reports. Stockholders of record on Wednesday, August 27th will be given a dividend of 0.88 per share by the financial services provider on Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 4.2%.

Sun Life Financial Price Performance

Shares of SLF stock traded down C$0.34 during mid-day trading on Thursday, hitting C$84.57. 1,719,253 shares of the stock were exchanged, compared to its average volume of 2,082,755. The firm has a fifty day moving average of C$86.96 and a 200 day moving average of C$83.60. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. Sun Life Financial has a 52-week low of C$64.70 and a 52-week high of C$91.11. The company has a market cap of C$48.31 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. TD Securities raised their price target on shares of Sun Life Financial from C$83.00 to C$86.00 and gave the company a "hold" rating in a research note on Friday, May 9th. Royal Bank Of Canada raised their price target on shares of Sun Life Financial from C$82.00 to C$88.00 in a research note on Monday, May 12th. National Bankshares decreased their target price on shares of Sun Life Financial from C$94.00 to C$93.00 in a research note on Friday, July 11th. Barclays lowered shares of Sun Life Financial from a "hold" rating to a "strong sell" rating in a research note on Monday, July 7th. Finally, Scotiabank raised shares of Sun Life Financial to a "hold" rating in a research note on Thursday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$88.38.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada's Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.

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