Business, Economics, Education, Entrepreneurs,
Environment, Science and Technology
|
|
|
|
____________________
Quarterly Dividends
Sun Life Financial increases quarterly dividend on Common Shares and declares dividend on Preferred Shares
TORONTO - The Board of Directors of Sun Life Financial Inc. today announced a quarterly shareholder dividend of $0.36 per common share, payable April 1, 2008 to shareholders of record at the close of business on February 27, 2008.
This represents an increase from the $0.34 paid in the previous quarter, bringing the total increase over the past year to 12.5%. The increase in the common share dividend reflects the Company's strong financial performance and management's confidence in the solid progress made in the business operations.
The Board of Directors of Sun Life Financial Inc. also announced the following quarterly dividends on its Class A Non-Cumulative Preferred Shares payable on March 31, 2008 to shareholders of record at the close of business on February 27, 2008: $0.296875 per Series 1 share; $0.30 per Series 2 share; $0.278125 per Series 3 share; $0.278125 per Series 4 share; and $0.28125 per Series 5 share.
Sun Life Financial Inc. has designated the dividends referred to above as eligible dividends for the purposes of the Income Tax Act (Canada).
|
|
|
| © Copyright 2008/Exchange Morning Post/Exchange Business Communications Inc. |
