Sun Life Financial Inc (TSE:SLF) to Issue $0.44 Quarterly Dividend
Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) declared a quarterly dividend on Wednesday, August 9th, RTT News reports. Investors of record on Wednesday, August 30th will be given a dividend of 0.435 per share by the financial services provider on Friday, September 29th. This represents a $1.74 dividend on an annualized basis and a yield of 3.59%.
Sun Life Financial (TSE:SLF) traded down 0.39% on Wednesday, reaching $48.50. The company had a trading volume of 1,024,905 shares. Sun Life Financial has a 52-week low of $40.00 and a 52-week high of $53.75. The stock has a market capitalization of $29.76 billion and a PE ratio of 11.98. The stock has a 50 day moving average price of $46.72 and a 200 day moving average price of $47.91.
A number of equities analysts have weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a C$51.00 price target on shares of Sun Life Financial in a report on Thursday, May 11th. Scotiabank decreased their price target on shares of Sun Life Financial from C$54.00 to C$52.00 and set a “sector perform” rating on the stock in a report on Thursday, May 11th. Barclays PLC lifted their price target on shares of Sun Life Financial from C$52.00 to C$53.00 in a report on Wednesday, July 12th. Royal Bank Of Canada upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating and set a C$51.00 price target on the stock in a report on Wednesday, June 7th. Finally, TD Securities decreased their price target on shares of Sun Life Financial from C$53.00 to C$49.00 and set a “hold” rating on the stock in a report on Wednesday, May 10th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$52.75.
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About Sun Life Financial
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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