Sun Life Financial Inc. (TSE:SLF) Announces $0.96 Quarterly Dividend

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) declared a quarterly dividend on Wednesday, August 26th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 29th will be given a dividend of 0.96 per share by the financial services provider on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 26th.

Sun Life Financial Price Performance

TSE SLF opened at C$108.80 on Monday. The stock’s 50-day moving average price is C$112.77 and its 200-day moving average price is C$100.15. The company has a quick ratio of 84,866.00, a current ratio of 27.38 and a debt-to-equity ratio of 34.34. Sun Life Financial has a 52 week low of C$79.15 and a 52 week high of C$118.99. The company has a market capitalization of C$60.57 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.33 and a beta of 0.80.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share (EPS) for the quarter. The company had revenue of C$9.05 billion during the quarter. Sun Life Financial had a return on equity of 13.89% and a net margin of 8.81%. On average, equities research analysts predict that Sun Life Financial will post 6.9230769 earnings per share for the current year.

Insider Transactions at Sun Life Financial

In related news, insider Manjit Singh sold 188,312 shares of Sun Life Financial stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$103.20, for a total transaction of C$19,433,798.40. Following the sale, the insider owned 547 shares of the company’s stock, valued at approximately C$56,450.40. This trade represents a 99.71% decrease in their position. Company insiders own 0.03% of the company’s stock.

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. Sun Life generates about a third of its profit from asset-management operations.