#Canada #Toronto #dividends #Financial Services #Sun Life

Sun Life Financial's Dividend Update for Q1 2025

On February 12, 2025, Sun Life Financial Inc. made a significant announcement regarding its dividend distribution for its shareholders. According to the Board of Directors, they declared a dividend of $0.84 per common share, which is payable on March 31, 2025. This will benefit shareholders who are on record as of February 26, 2025. This declaration mirrors the dividend amount provided in the previous quarter, indicating a steady approach in the company’s fiscal management strategy.

In addition to the common share dividend, the Board announced dividends on various Class A Non-Cumulative Preferred Shares, each with distinct amounts also payable on March 31, 2025, to shareholders of record at the close of business on February 26, 2025. The specifics include:

• - Series 3: $0.278125 per share
• - Series 4: $0.278125 per share
• - Series 5: $0.28125 per share
• - Series 8R: $0.114063 per share
• - Series 9QR: $0.301500 per share
• - Series 10R: $0.185438 per share
• - Series 11QR: $0.348349 per share

As part of its Canadian Dividend Reinvestment and Share Purchase Plan, common shares will be purchased by the Plan agent on the open market. This transaction will take place through the Toronto Stock Exchange and other Canadian trading venues.

Moreover, it’s essential to note that these dividends are designated as eligible dividends under the Income Tax Act (Canada). This makes them particularly appealing to shareholders who may benefit from advantageous tax treatments.

About Sun Life Financial Inc.

Established as a key player in international financial services, Sun Life Financial Inc. offers a comprehensive suite of asset management, insurance, wealth, and health solutions to its clients, including individuals and institutions. Their operations extend globally across various markets such as Canada, the U.S., the U.K., Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, and several more countries. As reported, the company managed total assets amounting to approximately CAD 1.54 trillion as of December 31, 2024. This substantial management portfolio not only reflects their market presence but also their commitment to providing robust financial solutions.

Sun Life Financial Inc. is publicly traded on stock exchanges in Toronto (TSX), New York (NYSE), and the Philippines (PSE) under the symbol SLF. This continued growth and dividend declaration reaffirms the company's stability and reliability, ensuring confidence among its stakeholders.

In conclusion, for investors looking at Sun Life Financial Inc., this dividend declaration is a reassuring sign of the company’s consistent performance and approach to investor returns. Shareholders will certainly look forward to the forthcoming payments and the potential for continued growth in dividends in future quarters.