In trading on Thursday, shares of Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 2 (TSX: SLF-PRB.TO ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.20), with shares changing hands as low as $21.56 on the day. As of last close, SLF.PRB was trading at a 11.96% 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:
Below is a dividend history chart for SLF.PRB, showing historical dividend payments on Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 2:
In Thursday trading, Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 2 (TSX: SLF-PRB.TO ) is currently down about 0.2% on the day, while the common shares (TSX: SLF.TO ) are down about 1.4%.
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.
