Sun Life increases Common Share dividend and declares dividends on Preferred Shares payable in Q2 2026

Sun Life Financial (TSX: SLF; NYSE: SLF) declared a common share dividend of $0.96 per share, payable June 30, 2026, to holders of record on May 27, 2026; this is a $0.04 increase versus the prior quarter.

Rhea-AI Summary

Sun Life Financial (TSX: SLF; NYSE: SLF) declared a common share dividend of $0.96 per share, payable June 30, 2026, to holders of record on May 27, 2026; this is a $0.04 increase versus the prior quarter.

The Board also declared dividends for multiple Class A preferred series payable the same date, confirmed reinvestment-plan purchases will occur on the open market, and designated all dividends as eligible dividends for Canadian income tax purposes.

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On May 7, the first trading day after this news, SLF closed 4.91% below the previous close. That session’s volume was 1.9x the stock’s average daily volume.

Data tracked by StockTitan Argus for the May 7 session.

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TORONTO, May 6, 2026 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.96 per share on the common shares of the Company has been declared, payable June 30, 2026 to shareholders of record at the close of business on May 27, 2026. This represents a 4 cent increase to the amount 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 June 30, 2026 to shareholders of record at the close of business on May 27, 2026:

Series 3	$0.278125 per share
Series 4	$0.278125 per share
Series 5	$0.281250 per share
Series 8R	$0.264375 per share
Series 9QR	$0.224446 per share
Series 10R	$0.185438 per share
Series 11QR	$0.271816 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 March 31, 2026, Sun Life had total assets under management of $1.58 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-increases-common-share-dividend-and-declares-dividends-on-preferred-shares-payable-in-q2-2026-302764600.html

SOURCE Sun Life Financial Inc. - Financial News

FAQ

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What dividend did Sun Life (SLF) declare for common shares on May 6, 2026?

Sun Life declared a $0.96 per common share dividend payable June 30, 2026. According to the company, the dividend is payable to shareholders of record at the close of business on May 27, 2026 and is $0.04 higher than the prior quarter.

When is the record date and payment date for Sun Life's (SLF) June 2026 dividends?

The record date is May 27, 2026 and the payment date is June 30, 2026. According to the company, dividends for both common and specified Class A preferred share series follow these same record and payment dates.

Which Class A preferred share series did Sun Life (SLF) declare dividends for in Q2 2026?

Dividends were declared for Series 3, 4, 5, 8R, 9QR, 10R, and 11QR at specified per-share amounts. According to the company, each listed series has its own declared per-share dividend payable June 30, 2026.

How will Sun Life (SLF) handle purchases under its Canadian Dividend Reinvestment Plan for the June 2026 dividend?

Shares under the Canadian Dividend Reinvestment and Share Purchase Plan will be bought on the open market by the plan agent. According to the company, purchases will use the Toronto Stock Exchange and other Canadian trading platforms, not new-issue shares.

Are Sun Life's (SLF) June 2026 dividends eligible for favourable Canadian tax treatment?

Yes. Sun Life designated the declared dividends as eligible dividends for the purposes of the Income Tax Act (Canada). According to the company, this designation affects how Canadian resident shareholders report dividend income for tax purposes.