Sun Life Financial Dividends and Buybacks
Dividend criteria checks 5/6
Sun Life Financial is a dividend paying company with a current yield of 3.95% that is well covered by earnings. Next payment date is on 31st December, 2024 with an ex-dividend date of 27th November, 2024.
Key information
4.0%
Dividend yield
1.2%
Buyback Yield
| Total Shareholder Yield | 5.1% |
| Future Dividend Yield | 4.3% |
| Dividend Growth | 2.2% |
| Next dividend pay date | 31 Dec 24 |
| Ex dividend date | 27 Nov 24 |
| Dividend per share | CA$3.360 |
| Payout ratio | 52% |
Recent dividend and buyback updates
Upcoming Dividend Payment
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) | 4.0% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Insurance) | 3.2% |
| Analyst forecast (SLF) (up to 3 years) | 4.3% |
Notable Dividend: SLF's dividend (3.95%) is higher than the bottom 25% of dividend payers in the Canadian market (1.78%).
High Dividend: SLF's dividend (3.95%) is low compared to the top 25% of dividend payers in the Canadian market (6.13%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (51.9%), SLF's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (37.2%), SLF's dividend payments are well covered by cash flows.