Sun Life increases Common Share dividend and declares dividends on Preferred Shares payable in Q4 2024
Sun Life Financial (TSX: SLF) (NYSE: SLF) has announced a dividend increase of 3 cents, bringing the quarterly dividend to $0.84 per common share, payable December 31, 2024.
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Rhea-AI Summary
Sun Life Financial (TSX: SLF) (NYSE: SLF) has announced a dividend increase of 3 cents, bringing the quarterly dividend to $0.84 per common share, payable December 31, 2024. The company also declared dividends on various Class A Non-Cumulative Preferred Shares series, with amounts ranging from $0.114063 to $0.401712 per share. All dividends will be paid to shareholders of record as of November 27, 2024. Common shares acquired under the Canadian Dividend Reinvestment and Share Purchase Plan will be purchased on the open market through various Canadian trading platforms.
Positive
- Increased quarterly dividend by 3 cents to $0.84 per common share
- Maintained consistent dividend payments across all preferred share series
Negative
- None.
Details
News Market Reaction – SLF
The recorded move for SLF in the trading session of this news was +3.75%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Board also announced that the following dividends have been declared on the Company's Class A Non-Cumulative Preferred Shares, payable on December 31, 2024 to shareholders of record at the close of business on November 27, 2024:
Series 3 | |
Series 4 | |
Series 5 | |
Series 8R | |
Series 9QR | |
Series 10R | |
Series 11QR |
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 (
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
Sun Life Financial Inc. trades on the
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 |
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SOURCE Sun Life Financial Inc.
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