Sun Life Financial Inc.
SLFFinancial Services · Stock · quarterly payer
Forward Yield
3.43%
Annual Dividend
$2.77
Payout Ratio
62%
5-Yr Growth
8.3%
Ex-Date
Aug 26, 2026
Frequency
Quarterly
Summary
As of September 2026, Sun Life Financial Inc. (SLF) yields 3.43% ($2.77 per share annually), with a blended fair-value estimate of $82.31 — +2% upside, so it screens as fairly valued. Dividend safety grade: C (64/100). 10 years of dividend growth.
Is SLF a good dividend stock?
Yes, with caveatsSun Life Financial Inc. (SLF) pays a quarterly dividend yielding 3.43% ($2.77/yr), with 10 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- 10 consecutive years of dividend growth
- Strong 8.3% 5-yr dividend growth
- 57% total price return over 5 years
Risks
- Cut its dividend in 2015
Key Data
- Dividend Yield
- 3.43%
- Payout Ratio
- 62%
- Annual Dividend
- $2.77
- 5-Yr Avg Growth
- 8.3%
- Ex-Dividend Date
- Aug 26, 2026
- Years of Growth
- 10
- Frequency
- quarterly
- Beta
- 0.80
- Market Cap
- $45.1B
- P/E Ratio
- 19.0
- 5-Yr Total Return
- 57%
- 52-Week Range
- $57.22 – $84.38
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
SLF Price — Last 12 Months
Daily close
Price Return
1 Year
+35%
3 Years
+66%
5 Years
+57%
52-Week Range
$57.22 – $84.38
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SLF worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Sun Life Financial Inc. is $82.31 per share, versus a market price of $80.97. That implies the stock is roughly fairly priced.
Fair Value
$82.31
Current Price
$80.97
Gap
+2%
Margin of Safety
2%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 9.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.3% discount rate (CAPM), 9.0% stage-1 growth, 2.5% terminal growth, $4.26 EPS, $2.77 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SLF Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 26, 2026 | — | $0.6940 | regular |
| May 27, 2026 | — | $0.6950 | regular |
| Feb 25, 2026 | — | $0.6720 | regular |
| May 28, 2025 | — | $0.6370 | regular |
| Feb 26, 2025 | — | $0.5870 | regular |
| Nov 27, 2024 | — | $0.5980 | regular |
| Aug 28, 2024 | — | $0.6030 | regular |
| May 29, 2024 | — | $0.5940 | regular |
| Feb 27, 2024 | — | $0.5780 | regular |
| Nov 28, 2023 | — | $0.5730 | regular |
| Aug 29, 2023 | — | $0.5520 | regular |
| May 30, 2023 | — | $0.5520 | regular |
| Feb 28, 2023 | — | $0.5300 | regular |
| Nov 22, 2022 | — | $0.5350 | regular |
Income Calculator
At $2.77 / yr per share
