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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Sun Life Financial Inc. (SLF) pays a $3.68 annual dividend ($0.69 quarterly), yielding 3.41% at $79.35/share. Next ex-dividend date 2026-08-26. 10 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.41%
Annual Dividend: $3.68 per share
Payout Ratio: 62.3%
Ex-Dividend Date: 2026-08-26
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 26
Sun Life Financial Inc. dividend has been a fixture for income investors since the company's founding in 1871, backed by a global business spanning life insurance, health coverage, and wealth management. SLF currently pays $3.76 per share annually, distributed quarterly, with the next ex-dividend date on August 26, 2026. The current yield stands at 3.3%. With a beta of 0.802, SLF stock tends to move less than the broader market, which appeals to income-focused investors who prioritize steadiness over price swings.
Sun Life Financial Inc. pays out 59.6% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves a meaningful buffer, supported by a business model built on recurring premium income from life insurance, health, dental, and disability products sold to both individual and corporate clients worldwide. Sun Life Financial Inc. dividend safety benefits from this diversified revenue base, though exposure to global financial markets through its asset management and investment advisory operations means earnings can fluctuate with market conditions, which is the primary factor that could pressure the payout.
Sun Life Financial Inc. dividend history shows a CAGR of 4.0% per year from 2011 to 2025. The per-share annual dividend grew from $1.4536 to $2.5122 over that period (2026 is a partial year and excluded from the growth calculation). The largest annual increase in the window was 19.1% in 2017, though the history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +5.7% | $2.13 (2022) | $2.51 (2025) |
| 5-Year | +6.9% | $1.80 (2020) | $2.51 (2025) |
| 10-Year | +7.7% | $1.19 (2015) | $2.51 (2025) |
Sun Life Financial Inc. suits income-focused investors who want a moderate, recurring yield from a globally diversified financial services business. At 3.3%, the current yield sits above the 5-year average of 2.72%, meaning buyers today are locking in a higher income rate relative to recent norms. The yield classification is moderate (2–4%), which reflects a balance between income and earnings retention. Ten consecutive years of dividend increases show a commitment to growing the payout, though the 4.0% annual growth rate is measured rather than aggressive. The trade-off: income at a reasonable payout ratio, with growth that keeps pace with inflation but does not dramatically accelerate it.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-26 | $0.6918 |
| 2026-05-27 | $0.6941 |
| 2026-02-25 | $0.6724 |
| 2025-11-26 | $0.6545 |
| 2025-08-27 | $0.6365 |
| 2025-05-28 | $0.6358 |
| 2025-02-26 | $0.5854 |
| 2024-11-27 | $0.5988 |
| 2024-08-28 | $0.6017 |
| 2024-05-29 | $0.5940 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.0583 |
| 2025 | $2.5122 |
| 2024 | $2.3708 |
| 2023 | $2.2043 |
| 2022 | $2.1299 |
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