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Stock impact report

Sun Life Financial (TSE:SLF) Has Announced That It Will Be Increasing Its Dividend To CA$0.92 [Yahoo! Finance]

Sun Life Financial Inc. (SLF) 
Last sun life financial inc. earnings: 2/12 05:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
TSE:SLF ) has announced that it will be paying its dividend of CA$0.92 on the 31st of December, an increased payment from last year's comparable dividend. The payment will take the dividend yield to 4.5%, which is in line with the average for the industry. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Sun Life Financial's Projected Earnings Seem Likely To Cover Future Distributions We aren't too impressed by dividend yields unless they can be sustained over time. Prior to this announcement, Sun Life Financial's dividend was only 65% of earnings, however it was paying out 99% of free cash flows. This signals that the company is more focused on returning cash flow to shareholders, but it could mean that the dividend is exposed to cuts in the future. Looking forward, earnings per share is forecast to rise by 54.6% ove Show less Read more
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