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Meta Platforms, Inc.

196.64
USD
0.51%
196.64
USD
0.51%
169.00 384.33
52 weeks
52 weeks

Mkt Cap 465.31B

Shares Out 2.37B

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Sun Life Financial's Preferred Shares, Series 5, Cross 5.5% Yield Mark

In trading on Tuesday, shares of Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 5 (TSX: SLF-PRE.TO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.125), with shares changing hands as low as $20.24 on the day. As of last close, SLF.PRE was trading at a 18.00% discount to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of SLF.PRE shares, versus SLF: Below is a dividend history chart for SLF.PRE, showing historical dividend payments on Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 5: In Tuesday trading, Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 5 (TSX: SLF-PRE.TO) is currently down about 1.3% on the day, while the common shares (TSX: SLF.TO) are off about 0.7%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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