Sun Life Financial (PHS:SLF) Dividend Payout Ratio: 0.49 (As of Mar. 2026) — 20% Above Median


PHS:SLF Sun Life Financial Inc PHS:SLF
76 GF Score
Price ₱4,600.00
GF Value ₱3,480.95
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Sun Life Financial Dividend Payout Ratio?

Sun Life Financial PHS:SLF +4.50% 76 Dividend Payout Ratio is 0.49 as of Mar. 2026, which is 20% above its 10-year median of 0.41. GuruFocus rates PHS:SLF with a GF Score™ of 76/100 and a GF Value™ of ₱3,480.95 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 335 Insurance companies, Sun Life Financial ranks worse than 69.25% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Sun Life Financial's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.49.

The historical rank and industry rank for Sun Life Financial's Dividend Payout Ratio or its related term are showing as below:

PHS:SLF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.41   Max: 0.57
Current: 0.53

During the past 13 years, the highest Dividend Payout Ratio of Sun Life Financial was 0.57. The lowest was 0.26. And the median was 0.41.

PHS:SLF's Dividend Payout Ratio is ranked worse than
69.25% of 335 companies
in the Insurance industry
Industry Median: 0.38 vs PHS:SLF: 0.53

As of today (2026-06-25), the Dividend Yield % of Sun Life Financial is 3.62%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Sun Life Financial was 5.76%. The lowest was 2.97%. And the median was 3.78%.

Sun Life Financial's Dividends per Share for the months ended in Mar. 2026 was ₱41.04.

During the past 12 months, Sun Life Financial's average Dividends Per Share Growth Rate was 9.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.00% per year.

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 0.00% per year. And the median was 8.10% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Sun Life Financial (PHS:SLF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Sun Life Financial Dividend Payout Ratio Related Terms

Sun Life Financial Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Sun Life Financial's Dividend Payout Ratio can be seen below:

* 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 Dividend Payout Ratio Chart

Sun Life Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.48 0.26 0.49 0.57

Sun Life Financial Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.52 0.49 0.47 0.71 0.49

PHS:SLF vs BRK.A, AIG, HIG: Dividend Payout Ratio Comparison

For the Insurance - Diversified subindustry, Sun Life Financial's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Sun Life Financial's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Sun Life Financial's Dividend Payout Ratio falls into.


PHS:SLF
76GF Score
Sun Life Financial Inc PHS:SLF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sun Life Financial Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Sun Life Financial's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=156.155/ 272.827
=0.57

Sun Life Financial's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=41.036/ 84.303
=0.49

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.49 mean?
Sun Life Financial (PHS:SLF) has a Dividend Payout Ratio of 0.49 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Sun Life Financial and its competitors. This is 20% above median its historical median of 0.41. Over the past decade, Sun Life Financial's Dividend Payout Ratio has ranged from 0.26 to 0.57. According to the industry distribution chart, Sun Life Financial ranks #232 out of 335 companies in the Insurance industry, placing it in the top 69.3%.
Is Sun Life Financial's Dividend Payout Ratio too high?
Sun Life Financial's current Dividend Payout Ratio of 0.49 is 20% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.57. The Insurance industry median Dividend Payout Ratio is 0.38. Sun Life Financial's value of 0.49 is 28.9% above this industry median. Based on the distribution chart, Sun Life Financial ranks #232 out of 335 companies in the Insurance industry, which is below the industry midpoint. Overall, Sun Life Financial has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sun Life Financial's Dividend Payout Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Sun Life Financial ranks #232 out of 335 companies for Dividend Payout Ratio. This places Sun Life Financial in the lower half of its industry. The industry median Dividend Payout Ratio is 0.38. Sun Life Financial's value of 0.49 is 28.9% above this benchmark. Historically, Sun Life Financial's own Dividend Payout Ratio has ranged from 0.26 to 0.57 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.38, Sun Life Financial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Insurance company?
The median Dividend Payout Ratio among Insurance companies is 0.38, based on 335 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sun Life Financial's current Dividend Payout Ratio of 0.49 is 28.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Sun Life Financial and its competitors. For the Insurance industry, the median Dividend Payout Ratio is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sun Life Financial's current Dividend Payout Ratio is 0.49, which is 20% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Life Financial stock overvalued right now?
Based on GuruFocus' analysis, Sun Life Financial (PHS:SLF) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱3,480.95, compared to a current price of ₱4,600.00 — trading 32.1% above its estimated fair value. The current Dividend Payout Ratio is 0.49, which is 20% above median its 10-year median of 0.41 and 28.9% above the Insurance industry median of 0.38. Sun Life Financial's overall GF Score™ is 76/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Sun Life Financial (PHS:SLF), the current Dividend Payout Ratio is 0.49 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sun Life Financial (PHS:SLF) Overvalued in 2026?

Based on GuruFocus' analysis, Sun Life Financial stock appears to be overvalued. The current stock price of ₱4,600.00 is trading 32.1% above its estimated GF Value™ of ₱3,480.95. GuruFocus considers Sun Life Financial to be Significantly Overvalued.

Key valuation signals for PHS:SLF:

  • Dividend Payout Ratio: 0.49 (20% above median its 10-year median of 0.41)
  • GF Value™: ₱3,480.95 vs. price of ₱4,600.00 (32.1% above fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 28.9% above the Insurance median (#232 of 335)

No single metric tells the full story. See the PHS:SLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sun Life Financial Business Description

Address 1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6
Sun Life Financial is one of the Big Three Canadian life insurers. The Canadian business contributed around 35% of its 2025 adjusted earnings. In that segment, the firm provides health, life insurance, and annuity products to individual and group customers. Its US business is mostly group health and contributed about 17% of the firm's adjusted earnings in 2025. Sun Life also offers life insurance and wealth products in several Asian markets with a strong presence in Hong Kong and the Philippines. The Asia segment contributed around 18% of adjusted 2024 earnings. Its asset management business had around CAD 1.2 trillion total assets under management or administration at the end of 2025 and represents around 30% of the firm's earnings.
76GF Score

Get the complete analysis for PHS:SLF

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱4,600.00
Price
₱3,480.95
GF Value