Sun Life Financial Inc. (TSE:SLF) Increases Dividend to $0.84 Per Share

Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF announced a quarterly dividend on Monday, November 4th, RTT News reports. Shareholders of record on Wednesday, November 27th will be paid a dividend of 0.84 per share by the financial services provider on Tuesday, December 31st. This represents a $3.36 annualized dividend and a yield of 4.34%. This is an increase from Sun Life Financial's previous quarterly dividend of $0.81.

Sun Life Financial Trading Down 0.2 %

TSE:SLF traded down C$0.18 during trading hours on Monday, reaching C$77.45. 2,448,602 shares of the stock were exchanged, compared to its average volume of 2,029,960. The business has a 50-day moving average of C$76.68 and a two-hundred day moving average of C$71.45. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. Sun Life Financial has a twelve month low of C$64.38 and a twelve month high of C$79.45. The company has a market capitalization of C$44.65 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.33 and a beta of 0.94.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last announced its quarterly earnings results on Monday, August 12th. The financial services provider reported C$1.71 EPS for the quarter, topping the consensus estimate of C$1.58 by C$0.13. The business had revenue of C$8.92 billion for the quarter, compared to analyst estimates of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. On average, equities analysts predict that Sun Life Financial will post 6.9230769 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SLF shares. Barclays set a C$76.00 target price on Sun Life Financial and gave the company an "equal weight" rating in a report on Thursday, September 5th. TD Securities lowered their price target on shares of Sun Life Financial from C$73.00 to C$72.00 and set a "hold" rating for the company in a report on Tuesday, August 13th. National Bankshares raised their price objective on Sun Life Financial from C$72.00 to C$73.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 13th. CIBC raised their price target on shares of Sun Life Financial from C$80.00 to C$90.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Evercore cut their price target on shares of Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$78.82.

Insider Transactions at Sun Life Financial

In other news, Senior Officer Linda Dougherty sold 2,000 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total transaction of C$150,590.00. In other news, Senior Officer Linda Dougherty sold 2,000 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. Also, Senior Officer Daniel Fishbein sold 15,999 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. 0.03% of the stock is currently owned by company insiders.

About 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.

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