Sun Life declares dividends on Common and Preferred Shares payable in Q3 2024

Rhea-AI Summary

Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) has declared dividends for Q3 2024. The Board announced a dividend of $0.81 per share on common shares, payable September 27, 2024, to shareholders of record on August 28, 2024. This amount remains unchanged from the previous quarter. Additionally, dividends were declared on various Class A Non-Cumulative Preferred Shares, also payable on September 27, 2024. The company's Canadian Dividend Reinvestment and Share Purchase Plan will acquire common shares through open market purchases on the Toronto Stock Exchange and other Canadian trading platforms. Sun Life has designated these dividends as eligible for Canadian income tax purposes.

Positive

• Maintained quarterly dividend of $0.81 per common share
• Declared dividends on multiple series of preferred shares
• Dividends qualify as eligible dividends for Canadian tax purposes

Negative

• None.

News Market Reaction – SLF

+5.32%

1 alert

+5.32% News Effect

On the day this news was published, SLF gained 5.32%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, Aug. 12, 2024 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.81 per share on the common shares of the Company has been declared, payable September 27, 2024 to shareholders of record at the close of business on August 28, 2024. 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 September 27, 2024 to shareholders of record at the close of business on August 28, 2024:

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	$0.395852 per share
Series 10R	$0.185438 per share
Series 11QR	$0.443742 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 United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30, 2024, Sun Life had total assets under management of $1.46 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

Media Relations Contact:	Investor Relations Contact:
Kim Race	David Garg
Director	Senior Vice-President, Capital
Corporate Communications	Management and Investor Relations
T. 416-779-4574	T. 416-408-8649
kim.race@sunlife.com	david.garg@sunlife.com

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SOURCE Sun Life Financial Inc.

FAQ

What is Sun Life's (SLF) dividend per share for Q3 2024?

Sun Life (SLF) declared a dividend of $0.81 per common share for Q3 2024, payable on September 27, 2024.

When is the record date for Sun Life's (SLF) Q3 2024 dividend?

The record date for Sun Life's (SLF) Q3 2024 dividend is August 28, 2024, for both common and preferred shares.

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

No, Sun Life (SLF) has maintained its dividend at $0.81 per common share, which is the same amount as paid in the previous quarter.

How will Sun Life (SLF) acquire shares for its Dividend Reinvestment and Share Purchase Plan?

Sun Life (SLF) will acquire shares for its Plan through open market purchases on the Toronto Stock Exchange and other Canadian stock exchanges and alternative trading platforms.