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Sun Life Financial (TSX:SLF) 3-Year Dividend Growth Rate

: 10.90% (As of Dec. 2023)
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Sun Life Financial's Dividends per Share for the three months ended in Dec. 2023 was C$0.78.

The historical rank and industry rank for Sun Life Financial's 3-Year Dividend Growth Rate or its related term are showing as below:

TSX:SLF' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 1.6   Med: 9   Max: 78.3
Current: 10.9

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Sun Life Financial was 78.30% per year. The lowest was 1.60% per year. And the median was 9.00% per year.

TSX:SLF's 3-Year Dividend Growth Rate is ranked better than
68.62% of 239 companies
in the Insurance industry
Industry Median: 6.3 vs TSX:SLF: 10.90

During the past 12 months, Sun Life Financial's average Dividends Per Share Growth Rate was 8.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Sun Life Financial's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.46. As of today, Sun Life Financial's Dividend Yield % is 4.40%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Insurance - Diversified subindustry, Sun Life Financial's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sun Life Financial 3-Year Dividend Growth Rate Distribution

For the Insurance industry and Financial Services sector, Sun Life Financial's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Sun Life Financial's 3-Year Dividend Growth Rate falls into.



Sun Life Financial 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Sun Life Financial  (TSX:SLF) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Sun Life Financial's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.78/ 1.68
=0.46

During the past 13 years, the highest Dividend Payout Ratio of Sun Life Financial was 0.49. The lowest was 0.38. And the median was 0.41.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Sun Life Financial Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.7802024-02-272024-02-282024-03-28Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.7802023-11-282023-11-292023-12-29Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.7502023-08-292023-08-302023-09-29Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.7502023-05-302023-05-312023-06-30Cash DividendquarterlyCAD:CAD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Sun Life Financial's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=3.06/69.16
=4.42 %

Current Share Price is C$69.16.
Sun Life Financial's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$3.06.

During the past 13 years, the highest Dividend Yield of Sun Life Financial was 5.76%. The lowest was 2.97%. And the median was 3.66%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sun Life Financial 3-Year Dividend Growth Rate Related Terms>


Sun Life Financial (TSX:SLF) Business Description

Address
1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6
Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 38% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the second quarter of 2023. The Canada business contributes about 32% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributes approximately 14% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 16% of earnings.