Sun Life Financial Dividends and Buybacks

Dividend criteria checks 5/6

Sun Life Financial is a dividend paying company with a current yield of 3.9% 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

3.9%

Dividend yield

1.1%

Buyback Yield

Total Shareholder Yield5.1%
Future Dividend Yield4.2%
Dividend Growth2.2%
Next dividend pay date31 Dec 24
Ex dividend date27 Nov 24
Dividend per shareCA$3.360
Payout ratio52%

Recent dividend and buyback updates

Recent 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
How does SLF dividend yield compare to the market?
SegmentDividend Yield
Company (SLF)3.9%
Market Bottom 25% (CA)1.7%
Market Top 25% (CA)6.2%
Industry Average (Insurance)3.2%
Analyst forecast (SLF) (up to 3 years)4.2%

Notable Dividend: SLF's dividend (3.9%) is higher than the bottom 25% of dividend payers in the Canadian market (1.74%).

High Dividend: SLF's dividend (3.9%) is low compared to the top 25% of dividend payers in the Canadian market (6.2%).


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 (37.1%), SLF's dividend payments are well covered by cash flows.


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