Exhibit 99.1
Sun Life increases Common Share dividend and declares dividends on Preferred Shares payable in Q4 2024
TORONTO, Nov. 4, 2024 /CNW/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.84 per share on the common shares of the Company has been declared, payable December 31, 2024 to shareholders of record at the close of business on November 27, 2024. This represents a 3 cent increase to the amount paid in the previous quarter.
The Board also announced that the following dividends have been declared on the Company's Class A Non-Cumulative Preferred Shares, payable on December 31, 2024 to shareholders of record at the close of business on November 27, 2024:
| Series 3 | $0.278125 per share |
| Series 4 | $0.278125 per share |
| Series 5 | $0.28125 per share |
| Series 8R | $0.114063 per share |
| Series 9QR | $0.353822 per share |
| Series 10R | $0.185438 per share |
| Series 11QR | $0.401712 per share |
Common shares of the Company acquired under the Company's Canadian Dividend Reinvestment and Share Purchase Plan (the "Plan") will be purchased by the Plan agent on the open market through the facilities of the Toronto Stock Exchange and through the facilities of other Canadian stock exchanges and alternative Canadian trading platforms.
Sun Life Financial Inc. has designated the dividends referred to above as eligible dividends for the purposes of the Income Tax Act (Canada).
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2024, Sun Life had total assets under management of $1.51 trillion. For more information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
Note to editors: All figures in Canadian dollars
| Media Relations Contact: | Investor Relations Contact: |
| Kim Race | David Garg |
| Director | Senior Vice-President, Capital |
| Corporate Communications | Management and Investor Relations |
| T. 416-779-4574 | T. 416-408-8649 |
| kim.race@sunlife.com | david.garg@sunlife.com |
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SOURCE Sun Life Financial Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/04/c1965.html
%CIK: 0001097362
CO: Sun Life Financial Inc.
CNW 17:02e 04-NOV-24
