Sun Life Shines Light on Regular and Preferred Dividends

Financial services specialist Sun Life Financial  (NYSE: SLF  )  announced yesterday its second-quarter dividend of $0.36 Canadian per share, the same rate it has paid since 2008. Sun Life has paid a dividend every quarter since 2000.

The board of directors said the quarterly dividend is payable on June 28 to the holders of record at the close of business on May 29.

Sun Life also announced it would pay quarterly dividends on its Class A non-cumulative preferred shares on June 28 to shareholders of record at the close of business on May 29. The various series of preferred stock and their payouts in Canadian dollars are as follows:

  • Series 1- $0.296875 per share
  • Series 2 - $0.30 per share
  • Series 3 - $0.278125 per share
  • Series 4 - $0.278125 per share
  • Series 5 - $0.28125 per share
  • Series 6R - $0.375 per share
  • Series 8R - $0.271875 per share
  • Series 10R - $0.24375 per share
  • Series 12R - $0.26563 per share

The regular dividend payment equates to a $1.44 Canadian-per-share annual dividend yielding 4.9% based on the closing price of Sun Life Financial's stock on May 8.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2420232, ~/Articles/ArticleHandler.aspx, 10/1/2016 9:52:02 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 12 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:02 PM
SLF $32.54 Up +0.36 +1.12%
Sun Life Financial CAPS Rating: *****