Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) announced a quarterly dividend on Wednesday, November 8th, RTT News reports. Stockholders of record on Wednesday, November 29th will be paid a dividend of 0.02 per share by the financial services provider on Friday, December 29th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Tuesday, November 28th.
Sun Life Financial (TSE:SLF) opened at C$50.53 on Monday. Sun Life Financial has a 1 year low of C$43.51 and a 1 year high of C$53.75.
A number of research analysts have issued reports on the stock. National Bank Financial boosted their price objective on shares of Sun Life Financial from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. Royal Bank Of Canada boosted their target price on shares of Sun Life Financial from C$51.00 to C$53.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Scotiabank boosted their target price on shares of Sun Life Financial from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a report on Friday, August 11th. TD Securities boosted their target price on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the company a “hold” rating in a report on Thursday, November 9th. Finally, CSFB boosted their target price on shares of Sun Life Financial from C$52.00 to C$54.00 in a report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Sun Life Financial currently has a consensus rating of “Buy” and a consensus price target of C$54.17.
In related news, Director Dean Connor sold 50,042 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of C$50.37, for a total value of C$2,520,615.54. Also, insider Colm Joseph Freyne sold 17,731 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$49.93, for a total transaction of C$885,308.83.
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Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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