Sun Life increases Common Share dividend and declares dividends on Preferred Shares

Rhea-AI Summary

On November 2, 2022, Sun Life Financial Inc. (TSX: SLF) announced a dividend increase of $0.72 per common share, payable on December 30, 2022. This marks a 3 cent raise from the previous quarter. Additionally, dividends were declared for various classes of preferred shares, with amounts ranging from $0.114063 to $0.345819, also payable on December 30, 2022. Shareholders must be on record by November 23, 2022. All dividends are designated as eligible under the Income Tax Act of Canada.

Positive

• Dividend increase for common shares to $0.72 enhances shareholder income.
• Preferred shares dividends declared, demonstrating commitment to return on investment.

Negative

• None.

TORONTO, Nov. 2, 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 $0.72 per share on the common shares of the Company has been declared, payable December 30, 2022 to shareholders of record at the close of business on November 23, 2022. This represents a 3 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 December 30, 2022 to shareholders of record at the close of business on November 23, 2022:

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 $0.297929 per share
Series 10R	$0.185438 per share
Series 11QR	$0.345819 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 United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2022, Sun Life had total assets under management of $1.27 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:
Krista Wilson	Yaniv Bitton
Director	Vice-President, Head of Investor
Corporate Communications	Relations & Capital Markets
T: 226-751-2391	T: 416-979-6496
krista.wilson@sunlife.com	yaniv.bitton@sunlife.com

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SOURCE Sun Life Financial Inc.

FAQ

What is the latest dividend amount for Sun Life Financial (SLF)?

The latest common share dividend for Sun Life Financial (SLF) is $0.72 per share.

When will the dividend be paid to shareholders of Sun Life Financial (SLF)?

The dividend will be paid on December 30, 2022.

What are the payment dates for Sun Life Financial's preferred share dividends?

Preferred share dividends will also be paid on December 30, 2022.

What is the record date for the Sun Life Financial (SLF) dividend?

The record date for the dividend is November 23, 2022.