Sun Life declares dividends on Common and Preferred Shares payable in Q1 2025

Rhea-AI Summary

Sun Life Financial (TSX: SLF) (NYSE: SLF) has announced its Q1 2025 dividend declarations. The company will pay a dividend of $0.84 per common share, maintaining the same amount as the previous quarter, payable March 31, 2025, to shareholders of record as of February 26, 2025.

The company also declared dividends on its Class A Non-Cumulative Preferred Shares, with varying amounts across different series: Series 3 and 4 at $0.278125, Series 5 at $0.28125, Series 8R at $0.114063, Series 9QR at $0.301500, Series 10R at $0.185438, and Series 11QR at $0.348349 per share.

Common shares acquired under the Canadian Dividend Reinvestment and Share Purchase Plan will be purchased on the open market through the Toronto Stock Exchange and other Canadian trading platforms. All declared dividends are designated as eligible dividends under the Income Tax Act (Canada).

Positive

• Maintained stable quarterly dividend of $0.84 per common share
• Consistent dividend payments across all preferred share series
• Dividends qualify as eligible dividends for tax purposes

Negative

• No dividend increase for common shareholders

TORONTO, Feb. 12, 2025 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.84 per share on the common shares of the Company has been declared, payable March 31, 2025 to shareholders of record at the close of business on February 26, 2025. This is the same amount as paid in the previous quarter.

The Board also announced that the following dividends have been declared on the Company's Class A Non-Cumulative Preferred Shares, payable on March 31, 2025 to shareholders of record at the close of business on February 26, 2025:

Series 3	$0.278125 per share
Series 4	$0.278125 per share
Series 5	$0.28125 per share
Series 8R	$0.114063 per share
Series 9QR	$0.301500 per share
Series 10R	$0.185438 per share
Series 11QR	$0.348349 per share

Common shares of the Company acquired under the Company's Canadian Dividend Reinvestment and Share Purchase Plan (the "Plan") will be purchased by the Plan agent on the open market through the facilities of the Toronto Stock Exchange and through the facilities of other Canadian stock exchanges and alternative Canadian trading platforms.

Sun Life Financial Inc. has designated the dividends referred to above as eligible dividends for the purposes of the Income Tax Act (Canada).

About Sun Life

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2024, Sun Life had total assets under management of $1.54 trillion. For more information, please visit www.sunlife.com. 

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to editors: All figures in Canadian dollars

To contact Sun Life media relations, please email Media.Relations@sunlife.com

To contact Sun Life investor relations, please email Investor_Relations@sunlife.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/sun-life-declares-dividends-on-common-and-preferred-shares-payable-in-q1-2025-302375336.html

SOURCE Sun Life Financial Inc.

FAQ

What is Sun Life's (SLF) dividend payment for Q1 2025?

Sun Life will pay a dividend of $0.84 per common share for Q1 2025, payable on March 31, 2025.

When is the record date for Sun Life's (SLF) Q1 2025 dividend?

The record date for Sun Life's Q1 2025 dividend is February 26, 2025.

What are the preferred share dividend rates for Sun Life (SLF) in Q1 2025?

Sun Life's preferred share dividend rates vary by series: Series 3 and 4 at $0.278125, Series 5 at $0.28125, Series 8R at $0.114063, Series 9QR at $0.301500, Series 10R at $0.185438, and Series 11QR at $0.348349 per share.

Has Sun Life (SLF) changed its dividend amount compared to the previous quarter?

No, Sun Life's dividend amount of $0.84 per common share remains unchanged from the previous quarter.

How will Sun Life (SLF) handle shares purchased through its Dividend Reinvestment Plan?

Shares purchased through the Canadian Dividend Reinvestment and Share Purchase Plan will be acquired on the open market through the Toronto Stock Exchange and other Canadian trading platforms.