Sun Life Financial Inc. (SLF) To Go Ex-Dividend on May 27th

Sun Life Financial Inc. (TSE:SLF – Get Free Report) (NYSE:SLF) announced a quarterly dividend on Wednesday, May 27th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.96 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, May 27th. This is a 4.3% increase from Sun Life Financial’s previous quarterly dividend of $0.92.

Sun Life Financial Price Performance

SLF stock opened at C$100.98 on Monday. The stock has a market capitalization of C$55.95 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.33 and a beta of 0.73. The business’s fifty day moving average price is C$92.83 and its two-hundred day moving average price is C$88.36. Sun Life Financial has a fifty-two week low of C$77.38 and a fifty-two week high of C$101.57.

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Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported C$1.89 earnings per share for the quarter. The firm had revenue of C$8.73 billion for the quarter. Sun Life Financial had a return on equity of 12.98% and a net margin of 9.12%. Research analysts expect that Sun Life Financial will post 6.9230769 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on SLF shares. Royal Bank Of Canada increased their price objective on Sun Life Financial from C$83.00 to C$95.00 and gave the stock a “sector perform” rating in a research report on Friday, February 13th. TD increased their price objective on Sun Life Financial from C$102.00 to C$107.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. TD Securities lowered their price objective on Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Desjardins set a C$101.00 price target on Sun Life Financial and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, National Bank Financial decreased their price target on Sun Life Financial from C$109.00 to C$108.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$101.60.

Get Our Latest Stock Analysis on SLF

Sun Life Financial Company Profile

(Get Free Report)

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.

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