Sun Life Financial Declares Quarterly Dividend
Toronto, Canada–(PHStocks)–The Board of Directors of Sun Life Financial Inc. (PSE: SLF) (TSX: SLF) (NYSE: SLF) has announced a quarterly dividend of $0.36 per common share, payable 30 March 2012, to shareholders of record at the close of business on 7 March 2012. This is the same amount as paid in the previous quarter.
The Board also announced that the following quarterly dividends on its Class A Non-Cumulative Preferred Shares are payable on 30 March 2012, to shareholders of record at the close of business on March 7, 2012:
- Series 1: $0.296875 per share
- Series 2: $0.30 per share
- Series 3: $0.278125 per share
- Series 4: $0.278125 per share
- Series 5: $0.28125 per share
- Series 6: $0.375 per share
- Series 8R: $0.271875 per share
- Series 10R: $0.24375 per share
- Series 12R: $0.41336 per share
Dividends payable on March 30, 2012, to participants in the Canadian Dividend Reinvestment and Share Purchase Plan (the “Plan”) will be used to purchase common shares issued from treasury at a 2% discount to the volume weighted average market price determined in accordance with the Plan. This discount does not apply to common shares acquired by participants through the optional cash purchase feature of the Plan.
Sun Life Financial Inc. has designated the dividends referred to above as eligible dividends for the purposes of the Income Tax Act (Canada).