Sun Life declares dividends on Common and Preferred Shares payable in Q1 2022

Rhea-AI Summary

Sun Life Financial Inc. (TSX: SLF, NYSE: SLF) has declared a $0.66 dividend per share on its common shares, payable on March 31, 2022, to shareholders of record as of March 2, 2022. This amount remains unchanged from the previous quarter. Additionally, dividends on Class A Non-Cumulative Preferred Shares were also announced, with amounts ranging from $0.094870 to $0.281250 per share. All declared dividends are deemed eligible dividends under the Income Tax Act of Canada. The company reported total assets under management of $1.44 trillion as of December 31, 2021.

Positive

• $0.66 dividend per share for common shares reflects consistent income for shareholders.
• Total assets under management reached $1.44 trillion, indicating strong financial stability.

Negative

• None.

TORONTO, Feb. 9, 2022 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.66 per share on the common shares of the Company has been declared, payable March 31, 2022 to shareholders of record at the close of business on March 2, 2022. 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 March 31, 2022 to shareholders of record at the close of business on March 2, 2022:

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	$0.094870 per share
Series 10R	$0.185438 per share
Series 11QR	$0.141719 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 December 31, 2021, Sun Life had total assets under management of $1.44 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:
Irene Poon	Yaniv Bitton
Manager	Vice-President, Head of Investor
Corporate Communications	Relations & Capital Markets
T: 416-988-0542	T: 416-979-6496
irene.poon@sunlife.com	Investor_relations@sunlife.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/sun-life-declares-dividends-on-common-and-preferred-shares-payable-in-q1-2022-301479220.html

SOURCE Sun Life Financial Inc.

FAQ

When is the dividend payment date for SLF?

The dividend payment date for SLF is March 31, 2022.

What is the amount declared as dividend for SLF?

The declared dividend for SLF is $0.66 per share for common shares.

How often does SLF pay dividends?

SLF typically pays dividends on a quarterly basis.

What are the amounts for preferred share dividends for SLF?

Preferred share dividends range from $0.094870 to $0.281250 per share.

Are SLF dividends eligible for tax benefits?

Yes, SLF has designated the dividends as eligible dividends under the Income Tax Act of Canada.