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Cash Dividend On The Way From Sun Life Financial Class A Non-Cumulative Preferred Shares Series 2

On 8/25/14, Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 2 (TSX: SLF-PRB.TO ) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 9/30/14. As a percentage of SLF.PRB's recent share price of $24.11, this dividend works out to approximately 1.24%, so look for shares of SLF.PRB to trade 1.24% lower - all else being equal - when SLF.PRB shares open for trading on 8/25/14. On an annualized basis, the current yield is approximately 4.94%.

As of last close, SLF.PRB was trading at a 2.72% discount to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative , meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of SLF.PRB shares, versus SLF:

Performance Comparison Chart

Below is a dividend history chart for SLF.PRB, showing historical dividends prior to the most recent $0.30 on Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 2:

SLF.PRB+Dividend+History+Chart

In Thursday trading, Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 2 (TSX: SLF-PRB.TO ) is currently off about 0.9% on the day, while the common shares (TSX: SLF.TO ) are up about 1.1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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