Sun Life declares dividends on Common and Preferred Shares payable in Q3 2020

Rhea-AI Summary

On August 6, 2020, Sun Life Financial Inc. (TSX: SLF) announced a dividend of $0.55 per share on its common shares, payable on September 30, 2020 to shareholders of record by August 26, 2020. This dividend remains unchanged from the previous quarter. Additionally, dividends were declared on Class A Non-Cumulative Preferred Shares, with varying amounts among different series, also payable on September 30, 2020. The dividends are eligible for tax benefits under the Income Tax Act in Canada.

Positive

• Dividend of $0.55 per share is consistent, indicating financial stability.
• Preferred share dividends reaffirm commitment to shareholder returns.

Negative

• None.

TORONTO, Aug. 6, 2020 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.55 per share on the common shares of the Company has been declared, payable September 30, 2020 to shareholders of record at the close of business on August 26, 2020. 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 30, 2020 to shareholders of record at the close of business on August 26, 2020:

Series 1	$0.296875 per share
Series 2	$0.30 per share
Series 3	$0.278125 per share
Series 4	$0.278125 per share
Series 5	$0.28125 per share
Series 8R Series 9QR	$0.114063 per share $0.104918 per share
Series 10R	$0.177625 per share
Series 11QR Series 12R	$0.152808 per share $0.237875 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 insurance, wealth and asset management solutions to individual and corporate 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, 2020, Sun Life had total assets under management of $1,122 billion. 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:
Irene Poon	Leigh Chalmers
Manager	Senior Vice-President, Head of Investor
Corporate Communications	Relations & Capital Management
T. 416-988-0542	T. 647-256-8201
irene.poon@sunlife.com	investor_relations@sunlife.com

 

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SOURCE Sun Life Financial Inc.

FAQ

What is the dividend amount for SLF in Q3 2020?

Sun Life Financial declared a dividend of $0.55 per share for Q3 2020.

When is the SLF dividend payable?

The dividend will be payable on September 30, 2020.

What is the record date for SLF dividends?

The record date for the dividends is August 26, 2020.

Are the SLF dividends eligible for tax benefits?

Yes, the dividends are designated as eligible dividends under the Income Tax Act in Canada.