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Sun Life increases Common Share dividend and declares dividends on Preferred Shares payable in Q4 2024

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Sun Life Financial (TSX: SLF) (NYSE: SLF) has announced a dividend increase of 3 cents, bringing the quarterly dividend to $0.84 per common share, payable December 31, 2024. The company also declared dividends on various Class A Non-Cumulative Preferred Shares series, with amounts ranging from $0.114063 to $0.401712 per share. All dividends will be paid to shareholders of record as of November 27, 2024. Common shares acquired under the Canadian Dividend Reinvestment and Share Purchase Plan will be purchased on the open market through various Canadian trading platforms.

Sun Life Financial (TSX: SLF) (NYSE: SLF) ha annunciato un aumento del dividendo di 3 centesimi, portando il dividendo trimestrale a $0,84 per azione ordinaria, pagabile il 31 dicembre 2024. L'azienda ha inoltre dichiarato dividendi su diverse serie di azioni privilegiate di Classe A non cumulative, con importi che vanno da $0,114063 a $0,401712 per azione. Tutti i dividendi saranno pagati agli azionisti registrati al 27 novembre 2024. Le azioni ordinarie acquistate nell'ambito del Piano canadese di reinvestimento e acquisto di dividendi saranno acquistate sul mercato aperto attraverso varie piattaforme di trading canadesi.

Sun Life Financial (TSX: SLF) (NYSE: SLF) ha anunciado un aumento del dividendo de 3 centavos, lo que eleva el dividendo trimestral a $0.84 por acción común, que se pagará el 31 de diciembre de 2024. La compañía también declaró dividendos en varias series de acciones preferentes no acumulativas de Clase A, con montos que oscilan entre $0.114063 y $0.401712 por acción. Todos los dividendos se pagarán a los accionistas registrados al 27 de noviembre de 2024. Las acciones ordinarias adquiridas bajo el Plan canadiense de reinversión de dividendos y compra de acciones se comprarán en el mercado abierto a través de varias plataformas de negociación canadienses.

선라이프 파이낸셜 (TSX: SLF) (NYSE: SLF)는 배당금을 3센트 인상하여 분기 배당금을 $0.84의 보통주당으로, 2024년 12월 31일에 지급한다고 발표했습니다. 이 회사는 또한 다양한 클래스 A 비누적 우선주 시리즈에 대한 배당금을 선언하였으며, 주당 금액은 $0.114063에서 $0.401712까지입니다. 모든 배당금은 2024년 11월 27일 기준 주주에게 지급됩니다. 캐나다 배당금 재투자 및 주식 구매 계획에 따라 취득된 보통주는 여러 캐나다 거래 플랫폼을 통해 공개 시장에서 구매됩니다.

Sun Life Financial (TSX: SLF) (NYSE: SLF) a annoncé une augmentation du dividende de 3 cents, portant le dividende trimestriel à 0,84 $ par action ordinaire, payable le 31 décembre 2024. La société a également déclaré des dividendes sur diverses séries d'actions privilégiées de Classe A non cumulatives, avec des montants variant de 0,114063 $ à 0,401712 $ par action. Tous les dividendes seront versés aux actionnaires enregistrés au 27 novembre 2024. Les actions ordinaires acquises dans le cadre du Plan canadien de réinvestissement de dividendes et d'achat d'actions seront achetées sur le marché ouvert via diverses plateformes de négociation canadiennes.

Sun Life Financial (TSX: SLF) (NYSE: SLF) hat eine Dividendensteigerung von 3 Cent bekannt gegeben, wodurch die vierteljährliche Dividende auf $0,84 pro Stammaktie angehoben wird, zahlbar am 31. Dezember 2024. Das Unternehmen hat außerdem Dividenden auf verschiedene Klassen A nicht kumulierte Vorzugsaktienserien erklärt, mit Beträgen zwischen $0,114063 und $0,401712 pro Aktie. Alle Dividenden werden an Aktionäre ausgezahlt, die am 27. November 2024 im Register stehen. Stammaktien, die im Rahmen des kanadischen Dividenden-Reinvestment- und Aktienkaufplans erworben werden, werden über verschiedene kanadische Handelsplattformen auf dem offenen Markt gekauft.

Positive
  • Increased quarterly dividend by 3 cents to $0.84 per common share
  • Maintained consistent dividend payments across all preferred share series
Negative
  • None.

Insights

Sun Life's 3 cent dividend increase to $0.84 per share represents a notable 3.7% quarterly boost, signaling strong financial health and commitment to shareholder returns. This marks the company's continued focus on maintaining an attractive dividend policy in the competitive insurance sector. The increase aligns with Sun Life's historical pattern of sustainable dividend growth.

The company's decision to purchase reinvested shares through open market transactions rather than issuing new shares is positive for existing shareholders, as it prevents dilution. The preferred share dividend maintenance across multiple series demonstrates stability in the company's capital structure and commitment to all classes of shareholders. The dividend increase reflects management's confidence in future earnings potential and strong capital position.

TORONTO, Nov. 4, 2024 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.84 per share on the common shares of the Company has been declared, payable December 31, 2024 to shareholders of record at the close of business on November 27, 2024. 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 31, 2024 to shareholders of record at the close of business on November 27, 2024:

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

$0.353822 per share

Series 10R

$0.185438 per share

Series 11QR

$0.401712 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, 2024, Sun Life had total assets under management of $1.51 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:

Kim Race

David Garg

Director

Senior Vice-President, Capital

Corporate Communications

Management and Investor Relations

T. 416-779-4574

T. 416-408-8649

kim.race@sunlife.com

david.garg@sunlife.com

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SOURCE Sun Life Financial Inc.

FAQ

What is Sun Life's new dividend amount for Q4 2024?

Sun Life (SLF) increased its quarterly dividend to $0.84 per common share, representing a 3 cent increase from the previous quarter.

When is Sun Life's Q4 2024 dividend payment date?

Sun Life's Q4 2024 dividend will be payable on December 31, 2024, to shareholders of record as of November 27, 2024.

How much did Sun Life increase its dividend in Q4 2024?

Sun Life increased its quarterly dividend by 3 cents per common share in Q4 2024.

What are the dividend amounts for Sun Life's preferred shares in Q4 2024?

Sun Life's preferred share dividends range from $0.114063 to $0.401712 per share across different series, payable December 31, 2024.

Sun Life Financial Inc.

NYSE:SLF

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33.69B
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Insurance - Diversified
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United States of America
Toronto