Sun Life Financial Inc. to Issue Quarterly Dividend of $0.84 (TSE:SLF)

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Wednesday, February 26th will be paid a dividend of 0.84 per share by the financial services provider on Monday, March 31st. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Wednesday, February 26th.

Sun Life Financial Price Performance

Shares of Sun Life Financial stock opened at C$77.72 on Monday. The stock has a market cap of C$44.39 billion, a P/E ratio of 11.72, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. The stock’s fifty day moving average is C$83.56 and its 200 day moving average is C$80.10. Sun Life Financial has a one year low of C$64.38 and a one year high of C$88.54.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. National Bankshares lowered their price objective on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Barclays lifted their price target on shares of Sun Life Financial from C$82.00 to C$87.00 in a report on Monday, January 6th. Jefferies Financial Group increased their price objective on shares of Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th. CIBC lowered their target price on shares of Sun Life Financial from C$97.00 to C$95.00 in a research note on Friday, February 14th. Finally, Scotiabank cut their price target on Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$87.10.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.