Sun Life Financial Inc (TSE:SLF) Declares $0.55 Quarterly Dividend

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) announced a quarterly dividend on Wednesday, February 12th, RTT News reports. Investors of record on Sunday, March 1st will be given a dividend of 0.55 per share by the financial services provider on Tuesday, March 31st. This represents a $2.20 annualized dividend and a yield of 3.37%.

SLF stock opened at C$65.31 on Thursday. The company has a market capitalization of $38.15 billion and a P/E ratio of 15.74. The company has a 50-day simple moving average of C$62.22 and a 200 day simple moving average of C$58.73. Sun Life Financial has a fifty-two week low of C$46.12 and a fifty-two week high of C$65.38. The company has a quick ratio of 1,311.69, a current ratio of 1,409.38 and a debt-to-equity ratio of 19.02.

Several equities research analysts have commented on SLF shares. Royal Bank of Canada cut shares of Sun Life Financial from an “outperform” rating to a “sector perform” rating and set a C$67.00 price target on the stock. in a research report on Monday, December 2nd. Desjardins boosted their price target on shares of Sun Life Financial from C$62.00 to C$67.00 in a research report on Friday, November 8th. TD Securities boosted their price target on shares of Sun Life Financial from C$61.00 to C$67.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Evercore dropped their price target on shares of Sun Life Financial from C$63.00 to C$62.00 in a research report on Thursday, November 7th. Finally, CIBC boosted their price objective on Sun Life Financial from C$53.00 to C$59.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$63.25.

In other Sun Life Financial news, Director Dean Connor sold 28,103 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of C$59.47, for a total transaction of C$1,671,423.11. Following the sale, the director now owns 86,047 shares in the company, valued at approximately C$5,117,636.72. In the last 90 days, insiders have sold 84,309 shares of company stock worth $5,129,778.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

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Dividend History for Sun Life Financial (TSE:SLF)

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