Sun Life Financial (NYSE:SLF) (TSE:SLF) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.30, Briefing.com reports. Sun Life Financial had a net margin of 7.96% and a return on equity of 13.58%. During the same period in the previous year, the business posted $1.20 earnings per share.
Shares of SLF stock opened at $40.01 on Friday. The business has a 50 day moving average of $41.43. Sun Life Financial has a one year low of $31.49 and a one year high of $42.59. The firm has a market cap of $24.67 billion, a price-to-earnings ratio of 10.67 and a beta of 0.87.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, August 28th will be issued a $0.401 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Tuesday, August 27th. Sun Life Financial’s dividend payout ratio is currently 41.87%.
About Sun Life Financial
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.
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