Sun Life Financial (TSE:SLF) Reaches New 52-Week High Following Dividend Announcement

Posted by Brenda Bartman on May 28th, 2026

Sun Life Financial Inc. (TSE:SLF – Get Free Report) (NYSE:SLF) hit a new 52-week high during trading on Thursday following a dividend announcement from the company. The company traded as high as C$20.40 and last traded at C$99.26, with a volume of 1704130 shares trading hands. The stock had previously closed at C$100.43.

The newly announced dividend which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, May 27th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.92. Sun Life Financial’s payout ratio is presently 67.04%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SLF shares. Jefferies Financial Group lifted their target price on shares of Sun Life Financial from C$103.00 to C$115.00 in a research report on Friday, May 1st. Barclays lifted their target price on shares of Sun Life Financial from C$84.00 to C$85.00 in a research report on Wednesday, April 8th. Canadian Imperial Bank of Commerce lifted their target price on shares of Sun Life Financial from C$95.00 to C$102.00 in a research report on Friday, May 8th. Royal Bank Of Canada increased their target price on Sun Life Financial from C$83.00 to C$95.00 and gave the company a “sector perform” rating in a report on Friday, February 13th. Finally, TD Securities reduced their target price on Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating for the company in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Sun Life Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$101.60.

Get Our Latest Report on Sun Life Financial

Sun Life Financial Stock Down 1.2%

The stock’s 50-day moving average is C$93.71 and its 200 day moving average is C$88.68. The stock has a market capitalization of C$54.98 billion, a PE ratio of 18.48, a P/E/G ratio of 1.33 and a beta of 0.73.

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

Insiders Place Their Bets

In other Sun Life Financial news, insider Jacques Jr. Goulet sold 35,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$97.80, for a total transaction of C$3,423,000.00. Following the transaction, the insider directly owned 1,054 shares in the company, valued at C$103,081.20. This trade represents a 97.08% decrease in their ownership of the stock. Also, insider Linda Dougherty bought 6,740 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of C$97.97 per share, for a total transaction of C$660,317.80. Following the completion of the acquisition, the insider owned 13,480 shares of the company’s stock, valued at approximately C$1,320,635.60. This represents a 100.00% increase in their ownership of the stock. Insiders sold 164,537 shares of company stock valued at $15,984,217 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

About Sun Life Financial

(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.