Sun Life Financial Dividend yield




   CAD/share 
 Price  62.85
 Dividend  2.88
 Earnings  7.06
 Cash-flow  13.09
 Book value  41.90
 Equity  39.44

Sun Life Financial is part of Life Insurance business, which is part of Financials industry. Sun Life Financial is a company from Canada, and his stocks are publicly traded.

Sun Life Financial paid a total dividend of 1,688 million CAD last year, for a market value of 36,830 millions (Market Cap 36,830 millions). Dividend per share of Sun Life Financial is 2.88 CAD, and his stock market price 62.85 CAD.

According to the chart below, where dividend yield is displayed, Sun Life Financial has a dividend yield of 4.58%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Financials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Sun Life Financial dividend yield with other Life Insurance companies or firms from Canada.

Dividend yield of Sun Life Financial

Sun Life Financial Dividend Payout

About the ability of Sun Life Financial to maintain his current dividend of CAD 2.88 per share, an amount that accounts for 4.58%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Sun Life Financial payout on ernings is currently 40.79%, which is lower than the market average and companies of Financials industry, which are 41.22% and 45.75% respectively. Both figures lead us to believe that there is confidence that Sun Life Financialcan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Sun Life Financial is CAD 13.09 per share, which is higher than the dividend per share paid by the company of CAD 2.88, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Sun Life Financial, compared againt world market average, Canada companies, Financials industry and Life Insurance sector companies.

Sun Life Financial payout

Sun Life Financial Dividend History

Year Yield  CAD  Paypout  Shares* 
Present4.58%2.8840.79%586
20213.12%2.2050.34%585
20203.89%2.2046.61%585
20193.72%2.2049.44%594
20184.42%2.0053.91%608
20173.51%1.8243.13%613
20163.26%1.6845.28%611
20153.54%1.5652.00%611

*In millions

Sun Life Financial Stock performance

Finally, last moth Sun Life Financial showed a return of -1.40% compared to a worldwide -2.30% average, and a -1.59% of Financials firms. Over the last year, the company obtained a -10.70% versus a worldwide performance of a -5.85%. More detailed information can be seen in the following graph for Canada and Life Insurance firms.

Sun Life Financial stock and market return