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Ex-Div Reminder for Sun Life Financial's Preferred Shares Series 4

On 2/23/15, Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 4 (TSX: SLF-PRD.TO ) will trade ex-dividend, for its quarterly dividend of $0.2781, payable on 3/31/15. As a percentage of SLF.PRD's recent share price of $24.14, this dividend works out to approximately 1.15%, so look for shares of SLF.PRD to trade 1.15% lower - all else being equal - when SLF.PRD shares open for trading on 2/23/15. On an annualized basis, the current yield is approximately 4.61%.

As of last close, SLF.PRD was trading at a 3.44% 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.PRD shares, versus SLF:

Performance Comparison Chart

Below is a dividend history chart for SLF.PRD, showing historical dividends prior to the most recent $0.2781 on Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 4:

SLF.PRD+Dividend+History+Chart

In Thursday trading, Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 4 (TSX: SLF-PRD.TO ) is currently trading flat on the day, while the common shares (TSX: SLF.TO ) are trading flat.

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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