Sun Life Financial Increases Dividend
Toronto—(PHStocks)—The Board of Directors of Sun Life Financial Inc. (PSE: SLF) (TSX: SLF) (NYSE: SLF) today announced an increase of 1 cent per share to its common quarterly dividend, rising to $0.39 per common share, payable December 31, 2015, to shareholders of record at the close of business on November 25, 2015. Combined with the dividend increase announced in the first quarter of 2015, this represents an 8% increase in the common share dividend this year.
The Board also announced that the following quarterly dividends on its Class A Non-Cumulative Preferred Shares are payable on December 31, 2015, to shareholders of record at the close of business on November 25, 2015:
- 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 8R: $0.142188 per share
- Series 9QR: $0.112542 per share
- Series 10R: $0.24375 per share
- Series 12R: $0.26563 per share
Dividends payable on December 31, 2015 to participants in the Canadian Dividend Reinvestment and Share Purchase Plan will be used to purchase common shares from treasury at the volume weighted average market price determined in accordance with 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).
