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Sun Life Financial ( (TSE:SLF) ) just unveiled an announcement.
Sun Life Financial Inc. announced the dividend rates for its Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR. The Series 8R Shares will have a fixed dividend rate of 4.230% per annum for the next five years, while the Series 9QR Shares will have a floating rate starting at 4.054% per annum for the period ending September 30, 2025. This announcement impacts shareholders who need to decide on conversion options by June 16, 2025, and highlights Sun Life’s ongoing commitment to providing returns to its investors.
The most recent analyst rating on (TSE:SLF) stock is a Buy with a C$88.00 price target. To see the full list of analyst forecasts on Sun Life Financial stock, see the TSE:SLF Stock Forecast page.
Spark’s Take on TSE:SLF Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLF is a Outperform.
Sun Life Financial’s overall score reflects solid financial performance with strong revenue growth and stable net income, despite declining cash flows. Positive technical momentum and strategic corporate actions, like share buybacks and dividend increases, support the stock. However, challenges in specific segments like the U.S. stop-loss business temper the outlook.
To see Spark’s full report on TSE:SLF stock, click here.
More about Sun Life Financial
Sun Life is a leading international financial services organization providing asset management, wealth, insurance, and health solutions to individual and institutional clients. The company operates in various markets worldwide, including Canada, the United States, the United Kingdom, and several countries in Asia and Australia. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion.
Average Trading Volume: 2,271,198
Technical Sentiment Signal: Buy
Current Market Cap: C$49.88B
For a thorough assessment of SLF stock, go to TipRanks’ Stock Analysis page.