Sun Life Financial Inc. (SLF) to Distribute Quarterly Dividend of C$0.96 on September 29th

Posted by Brian Himes on Aug 24th, 2026

Sun Life Financial Inc. (NYSE:SLF – Get Free Report) (TSE:SLF) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Wednesday, August 26th will be paid a dividend of 0.96 per share by the financial services provider on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Wednesday, August 26th.

Sun Life Financial has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 11 consecutive years. Sun Life Financial has a payout ratio of 48.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sun Life Financial to earn $6.11 per share next year, which means the company should continue to be able to cover its $2.73 annual dividend with an expected future payout ratio of 44.7%.

Sun Life Financial Stock Up 0.1%

Sun Life Financial stock opened at $79.07 on Monday. Sun Life Financial has a 52-week low of $57.22 and a 52-week high of $84.38. The firm has a market capitalization of $44.07 billion, a price-to-earnings ratio of 18.48 and a beta of 0.88. The company has a fifty day simple moving average of $80.21 and a 200-day simple moving average of $72.23.

Sun Life Financial (NYSE:SLF – Get Free Report) (TSE:SLF) last issued its earnings results on Thursday, August 6th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. The business had revenue of $10.10 billion during the quarter, compared to analysts’ expectations of $994.33 million. Sun Life Financial had a net margin of 7.66% and a return on equity of 17.96%. On average, research analysts anticipate that Sun Life Financial will post 5.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Evercore downgraded shares of Sun Life Financial from an “outperform” rating to an “in-line” rating in a report on Monday, July 13th. Argus set a $81.00 target price on Sun Life Financial in a report on Wednesday, June 10th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Sun Life Financial in a research report on Friday, May 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Sun Life Financial in a report on Monday, August 10th. Finally, Weiss Ratings upgraded Sun Life Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.33.

View Our Latest Stock Analysis on SLF

About Sun Life Financial

(Get Free Report)

Sun Life Financial Inc, founded in 1865 and headquartered in Toronto, Ontario, is an international financial services organization that provides a range of insurance, wealth management and asset management solutions. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.

Core business activities include life and health insurance, group benefits for employers, retirement and pension products, and wealth management services such as mutual funds and segregated fund solutions.