Sun Life Finl Stock Price, News & Analysis

The Boston Celtics raised $105,000 for the #SunLifeDunk4Diabetes campaign in November, led by Robert Williams with 19 dunks. Each dunk contributed $1,000, while fans voted on Twitter for the best dunks, generating additional funds. The program supports the YMCA of Greater Boston's Healthy Habits initiative, which assists at-risk individuals in managing diabetes. Since 2014, the campaign has raised over $700,000. Sun Life has globally contributed more than $33 million to diabetes programs. The partnership emphasizes health access in underserved communities.

Sun Life Financial Inc. (TSX: SLF) has announced its plan to redeem $300 million of Class A Non-Cumulative Rate Reset Preferred Shares Series 12R on December 31, 2021. The redemption price is set at $25.00 per share, including all declared and unpaid dividends. The final quarterly dividend of $0.237875 per share will also be paid on the same date to shareholders recorded as of November 24, 2021. As of September 30, 2021, Sun Life had total assets under management of $1.39 trillion.

On November 18, 2021, Sun Life Financial Inc. (TSX: SLF) completed a public offering in Canada, raising $2 billion through the issuance of subordinated unsecured debentures across three series. The offerings include $500 million of Series 2021-1 (2.46% due 2031), $1 billion of Series 2021-2 (2.80% due 2033), and $500 million of Series 2021-3 (3.15% due 2036). The proceeds will fund general corporate purposes, including a portion of the acquisition of DentaQuest Group, Inc. and other strategic investments.

On November 16, 2021, Sun Life Financial Inc. (TSX: SLF) announced an offering of $2 billion in subordinated unsecured debentures: Series 2021-1 ($500 million), Series 2021-2 ($1 billion), and Series 2021-3 ($500 million). The issuance is set to close on November 18, 2021. Proceeds will fund various corporate needs, including the acquisition of DentaQuest Group, Inc. The debentures are expected to qualify for Tier 2 capital upon closing of the acquisition. Notably, redemption of Series 2021-2 and 2021-3 is contingent on the acquisition's closure before October 3, 2022.

Sun Life U.S. awarded $350,000 in grants to six organizations as part of their Team Up Against Diabetes program, aimed at supporting diabetes prevention and management in underserved communities. The initiative is part of Sun Life's philanthropic efforts to address healthcare access disparities highlighted by the pandemic. Each recipient will utilize the funds for innovative diabetes support programs, nutrition access, and educational initiatives. Since 2016, Sun Life has donated over $1.35 million to diabetes-related programs across the U.S.

Sun Life Financial Inc. (TSX: SLF) announced a dividend of $0.11 per share on common shares, payable on December 31, 2021. Shareholders will receive a total quarterly dividend of $0.66 per share, marking a 20% increase from the previous dividend. This decision follows OSFI's recent removal of restrictions on dividend increases that were in place since March 2020 due to the pandemic. Sun Life remains committed to a dividend payout ratio of 40-50% as part of its financial goals, highlighting its focus on delivering shareholder value.

Sun Life Financial Inc. (TSX: SLF) announced a dividend of $0.55 per share on common shares, payable on December 31, 2021, to shareholders of record by November 24, 2021. This dividend matches the amount paid in the previous quarter. Additionally, several dividends for Class A Non-Cumulative Preferred Shares were declared, with amounts ranging from $0.100633 to $0.28125 per share. All dividends are designated as eligible dividends under Canadian tax laws.