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Data last updated: Aug 18, 2026
Snapshot (as of Aug 18, 2026): Sun Life Financial Inc. (SLF.TO) pays a $3.68 annual dividend ($0.96 quarterly), yielding 3.29% at $111.77/share. Next ex-dividend date 2026-08-26. 23+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.29%
Annual Dividend: $3.68 per share
Payout Ratio: 59.6%
Ex-Dividend Date: 2026-08-26
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 26
Sun Life Financial Inc. has paid dividends for over two decades, backed by a global business spanning life insurance, health coverage, and asset management. The Sun Life Financial Inc. dividend currently yields 3.29%, with a trailing annual rate of $3.68 per share paid quarterly. The next ex-dividend date is August 26, 2026, with the last quarterly payment at $0.96 per share. With a beta of 0.825, SLF.TO stock carries below-market volatility, which suits 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 diversified revenue base spanning life insurance, disability coverage, dental plans, and wealth management products sold across both individual and corporate clients. Sun Life Financial Inc. dividend safety benefits from that product breadth, since no single line of business dominates the payout. The main pressure point is that the payout ratio sits near the upper end of the moderate range, leaving less room to absorb an earnings decline without affecting the dividend.
Sun Life Financial Inc. dividend history shows a CAGR of 6.6% per year from 2011 to 2025. The per-share dividend grew from $1.44 to $3.52 over that period (2026 data is partial and excluded from the growth calculation). The largest annual increase in the window was 19.5% in 2022, while the smallest came in the flat years of 2012 through 2014, when the dividend held at $1.44 with no increase. For income investors, 6.6% annual growth means the dividend has more than doubled in 14 years, which meaningfully improves the yield on cost for long-term holders.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +8.4% | $2.76 (2022) | $3.52 (2025) |
| 5-Year | +9.9% | $2.20 (2020) | $3.52 (2025) |
| 10-Year | +8.8% | $1.51 (2015) | $3.52 (2025) |
SLF.TO fits income-focused investors who want a dividend that grows at a meaningful pace without taking on high payout risk. The current yield of 3.29% sits in the moderate (2–4%) range and runs above the 5-year average of 2.66%, meaning today's entry point offers more income than the stock has historically delivered. The 59.6% payout ratio keeps the dividend credible, and 23 consecutive years of increases show a long, unbroken commitment to growing the payment. The trade-off is that growth, while steady at 6.6% annually, is not fast enough to excite investors chasing aggressive dividend compounding. What SLF.TO offers is a diversified financial services business, a yield above its own historical norm, and a payout structure that has room to breathe.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-26 | $0.9600 |
| 2026-05-27 | $0.9600 |
| 2026-02-25 | $0.9200 |
| 2025-11-26 | $0.9200 |
| 2025-08-27 | $0.8800 |
| 2025-05-28 | $0.8800 |
| 2025-02-26 | $0.8400 |
| 2024-11-27 | $0.8400 |
| 2024-08-28 | $0.8100 |
| 2024-05-29 | $0.8100 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.8400 |
| 2025 | $3.5200 |
| 2024 | $3.2400 |
| 2023 | $3.0000 |
| 2022 | $2.7600 |
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