Sun Life declares dividends on Common and Preferred Shares payable in Q4 2021

Rhea-AI Summary

Sun Life Financial Inc. (TSX: SLF) announced a dividend of $0.55 per share on common shares, payable on December 31, 2021, to shareholders of record by November 24, 2021. This dividend matches the amount paid in the previous quarter. Additionally, several dividends for Class A Non-Cumulative Preferred Shares were declared, with amounts ranging from $0.100633 to $0.28125 per share. All dividends are designated as eligible dividends under Canadian tax laws.

Positive

• Common share dividend remains steady at $0.55, indicating stable performance.
• Multiple dividends announced for preferred shares, enhancing shareholder returns.

Negative

• None.

TORONTO, ON, Nov. 3, 2021 /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 December 31, 2021 to shareholders of record at the close of business on November 24, 2021. 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 December 31, 2021 to shareholders of record at the close of business on November 24, 2021:

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	$0.100633 per share
Series 10R	$0.185438 per share
Series 11QR	$0.148523 per share
Series 12R	$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 September 30, 2021, Sun Life had total assets under management of $1.39 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:

Irene Poon
Manager
Corporate Communications
T: 416-988-0542
irene.poon@sunlife.com

Investor Relations Contact:

Yaniv Bitton
Vice-President, Head of Investor
Relations & Capital Markets
T: 416-979-6496
Investor_relations@sunlife.com

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SOURCE Sun Life Financial Inc.

FAQ

What is the dividend amount declared by Sun Life Financial for common shares?

Sun Life Financial declared a dividend of $0.55 per share for common shares.

When will the dividends for Sun Life Financial be paid?

The dividends will be paid on December 31, 2021.

What are the record dates for Sun Life Financial's dividends?

Shareholders must be on record by November 24, 2021, to receive the dividends.

How often does Sun Life Financial declare dividends?

Sun Life Financial typically declares dividends quarterly.

Are the dividends declared by Sun Life Financial eligible for Canadian tax?

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