Sun Life Financial Inc. (NYSE:SLF - Get Free Report) TSE: SLF declared a quarterly dividend on Monday, November 4th, Zacks reports. Investors of record on Wednesday, November 27th will be given a dividend of 0.621 per share by the financial services provider on Tuesday, December 31st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Sun Life Financial's previous quarterly dividend of $0.59.
Sun Life Financial has increased its dividend by an average of 10.5% per year over the last three years. Sun Life Financial has a payout ratio of 45.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sun Life Financial to earn $5.35 per share next year, which means the company should continue to be able to cover its $2.41 annual dividend with an expected future payout ratio of 45.0%.
Shares of NYSE:SLF traded up $0.18 on Wednesday, reaching $57.95. The company's stock had a trading volume of 99,977 shares, compared to its average volume of 651,861. The company has a 50-day simple moving average of $56.52 and a 200 day simple moving average of $52.44. Sun Life Financial has a 52-week low of $46.41 and a 52-week high of $58.71. The company has a market cap of $36.51 billion, a P/E ratio of 12.89, a PEG ratio of 1.43 and a beta of 1.01.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its quarterly earnings data on Monday, August 12th. The financial services provider reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.07. Sun Life Financial had a net margin of 7.32% and a return on equity of 17.68%. The business had revenue of $6.52 billion for the quarter, compared to analysts' expectations of $6.72 billion. On average, equities research analysts forecast that Sun Life Financial will post 4.86 EPS for the current fiscal year.
Separately, Barclays assumed coverage on shares of Sun Life Financial in a research note on Thursday, September 5th. They set an "equal weight" rating for the company.
Read Our Latest Stock Analysis on Sun Life Financial
Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Sun Life Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sun Life Financial wasn't on the list.
While Sun Life Financial currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.