Sun Life Financial Dividend
Dividend criteria checks 5/6
Sun Life Financial is a dividend paying company with a current yield of 4.1% that is well covered by earnings.
Key information
4.1%
Dividend yield
59%
Payout ratio
| Industry average yield | 3.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CA$3.240 |
| Earnings per share | CA$5.34 |
| Dividend yield forecast | 4.6% |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: SLF's dividends per share have been stable in the past 10 years.
Growing Dividend: SLF's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Sun Life Financial Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SLF) | 4.1% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 5.9% |
| Industry Average (Insurance) | 3.4% |
| Analyst forecast (SLF) (up to 3 years) | 4.6% |
Notable Dividend: SLF's dividend (4.1%) is higher than the bottom 25% of dividend payers in the Canadian market (1.71%).
High Dividend: SLF's dividend (4.1%) is low compared to the top 25% of dividend payers in the Canadian market (5.88%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (59%), SLF's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (48.6%), SLF's dividend payments are well covered by cash flows.