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TORONTO - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) announced Wednesday that its Board of Directors has declared a quarterly dividend of $0.92 per common share, representing a 4-cent increase from the previous quarter. The dividend reflects a healthy 4.15% yield and continues Sun Life's strong dividend growth trend of 7.15% over the past year, according to InvestingPro data.
The dividend will be payable on December 31, 2025, to shareholders of record as of November 26, 2025, according to a company press release.
The Board also declared dividends on various Class A Non-Cumulative Preferred Shares, all payable on December 31, 2025. These include $0.278125 per share for Series 3 and 4, $0.281250 for Series 5, $0.264375 for Series 8R, $0.256529 for Series 9QR, $0.185438 for Series 10R, and $0.304419 for Series 11QR.
Sun Life noted that common shares acquired under the company's Canadian Dividend Reinvestment and Share Purchase Plan will be purchased by the plan agent on the open market through the Toronto Stock Exchange and other Canadian trading platforms.
The company has designated these dividends as eligible dividends for Canadian income tax purposes.
Sun Life Financial is an international financial services organization with operations across markets including Canada, the U.S., the United Kingdom, and various Asian countries. As of September 30, 2025, the company reported total assets under management of $1.62 trillion. With a market capitalization of $34.45 billion and a year-to-date return of 6.76%, investors should note Sun Life's next earnings report is scheduled for November 5, 2025. A comprehensive Pro Research Report for SLF is available on InvestingPro, offering deeper insights into this undervalued financial stock.
In other recent news, Sun Life Financial reported its Q2 2025 earnings, exceeding analysts' expectations with an earnings per share of $1.79 compared to the forecasted $1.77. Despite this positive earnings report, the company's stock experienced a decline, attributed to broader market fluctuations and sector-specific challenges. Additionally, Sun Life made a significant organizational change by appointing Tom Murphy as President of Sun Life Asset Management, consolidating its global asset management businesses under a single structure. This new organization includes MFS, SLC Management, and Sun Life's stake in Aditya Birla Sun Life Asset Management, with combined operations generating over CAD $1.4 billion in earnings for 2024.
In another development, TD Securities upgraded Sun Life Financial from Hold to Buy, raising the price target to C$101.00 from C$89.00. The upgrade was based on Sun Life's attractive relative valuation compared to its life insurance peers and banks. These recent developments highlight a period of strategic adjustments and financial performance for Sun Life Financial.
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