Sun Life Financial Inc. (TSE:SLF) to Issue Quarterly Dividend of $0.96

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) declared a quarterly dividend on Wednesday, May 27th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.96 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, May 27th. This is a 4.3% increase from Sun Life Financial’s previous quarterly dividend of $0.92.

Sun Life Financial Stock Performance

SLF stock opened at C$100.98 on Monday. Sun Life Financial has a fifty-two week low of C$77.38 and a fifty-two week high of C$101.57. The business’s 50-day moving average is C$92.83 and its two-hundred day moving average is C$88.36. The company has a market cap of C$55.95 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 1.33 and a beta of 0.73.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its earnings results on Wednesday, May 6th. The financial services provider reported C$1.89 earnings per share for the quarter. Sun Life Financial had a return on equity of 12.98% and a net margin of 9.12%.The company had revenue of C$8.73 billion for the quarter. Equities analysts predict that Sun Life Financial will post 6.9230769 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on SLF shares. BMO Capital Markets increased their target price on Sun Life Financial from C$99.00 to C$105.00 in a report on Friday, May 8th. National Bank Financial lowered their target price on Sun Life Financial from C$109.00 to C$108.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Jefferies Financial Group upped their price target on Sun Life Financial from C$103.00 to C$115.00 in a research report on Friday, May 1st. Royal Bank Of Canada lifted their price objective on Sun Life Financial from C$83.00 to C$95.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Sun Life Financial from C$95.00 to C$102.00 in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sun Life Financial has an average rating of “Moderate Buy” and an average price target of C$101.60.

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.