Sun Life Financial Dividends and Buybacks
Dividend criteria checks 5/6
Sun Life Financial is a dividend paying company with a current yield of 3.93% 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 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 | US$3.360 |
| Payout ratio | 52% |
Recent dividend and buyback updates
Recent updates
4% Dividend Yield Shines At Sun Life, While Growth Looks Bright (Ratings Upgrade)
Nov 11Sun Life Financial: The Asia Expansion Is Better Than I Thought
Aug 13Sun Life Financial: A Safe, Long-Term Dividend Grower
Apr 21Sun Life Has Approached Its Fair Value, Still A Solid Income Pick
Jan 17Sun Life Financial: Neutral Rating Maintained, A 5% Dividend Yield Quick Pick
Nov 01A Sizzling 4% Dividend Yield At Sun Life, But Valuation Overheated
Jul 24Sun Life Financial: Growth Consistent With My Original Thesis
Feb 24Sun Life Financial declares CAD 0.72 dividend
Feb 08Sun Life unit to be exclusive insurance provider for Dah Sing Bank customers in Hong Kong
Jan 20Sun Life Financial to redeem $400M of subordinated debentures
Sep 26Stability 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) | 3.9% |
| Market Bottom 25% (US) | 1.3% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Insurance) | 1.6% |
| Analyst forecast (SLF) (up to 3 years) | 4.3% |
Notable Dividend: SLF's dividend (3.93%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: SLF's dividend (3.93%) is low compared to the top 25% of dividend payers in the US market (4.21%).
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.