Sun Life Financial Inc. to Issue Quarterly Dividend of $0.84 (TSE:SLF)

Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Wednesday, February 26th will be given a dividend of 0.84 per share by the financial services provider on Monday, March 31st. This represents a $3.36 dividend on an annualized basis and a yield of 4.30%.

Sun Life Financial Price Performance

Shares of TSE SLF traded down C$0.25 on Friday, hitting C$78.20. The company's stock had a trading volume of 3,741,310 shares, compared to its average volume of 1,879,952. The stock has a 50 day moving average of C$84.34 and a 200-day moving average of C$79.66. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. The company has a market capitalization of C$44.67 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 12-month low of C$64.38 and a 12-month high of C$88.54.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SLF shares. National Bank Financial raised shares of Sun Life Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Cormark upped their price target on shares of Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Scotiabank dropped their price target on shares of Sun Life Financial from C$98.00 to C$94.00 in a research report on Friday. CIBC dropped their price target on shares of Sun Life Financial from C$97.00 to C$95.00 in a research report on Friday. Finally, Barclays upped their price target on shares of Sun Life Financial from C$82.00 to C$87.00 in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$87.10.

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.