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

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) declared a quarterly dividend on Wednesday, August 26th, TickerTech Dividends reports. Investors 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 yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 26th.

Sun Life Financial Stock Performance

Shares of SLF opened at C$108.80 on Monday. The business’s fifty day simple moving average is C$112.77 and its two-hundred day simple moving average is C$100.15. The company has a current ratio of 27.38, a quick ratio of 84,866.00 and a debt-to-equity ratio of 34.34. Sun Life Financial has a 12 month low of C$79.15 and a 12 month high of C$118.99. The company has a market cap of C$60.57 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.33 and a beta of 0.80.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its earnings results on Thursday, August 6th. The financial services provider reported C$2.02 EPS for the quarter. Sun Life Financial had a return on equity of 13.89% and a net margin of 8.81%.The business had revenue of C$9.05 billion during the quarter. Research analysts anticipate that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Insider Buying and Selling

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

About Sun Life Financial

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.