The Board of Directors of Sun Life Financial Inc. has announced an increase in the dividend for its common shares. The new dividend is set at $0.84 per share, payable on December 31, 2024, to shareholders recorded by November 27, 2024. This marks a three-cent rise from the previous quarter's payout.
In addition to this, dividends have also been declared on the company's Class A Non-Cumulative Preferred Shares with the same payment and record dates.
Common shares acquired under Sun Life's Canadian Dividend Reinvestment and Share Purchase Plan will be purchased by the plan agent through various Canadian stock exchanges and trading platforms.
Sun Life Financial Inc. has designated these dividends as eligible under Canada's Income Tax Act.
Sun Life is an international financial services organization offering asset management, wealth, insurance, and health solutions across several global markets including Canada, the United States, and many others in Europe and Asia. As of September 30, 2024, it managed assets totaling $1.51 trillion.