How can we be sure? Here is an extract from their press release: While the company wasn't as explicit in this area as some of the others, there is no reason to expect the dividend of $0.66 per share won't be the new one moving forward. Therefore, what investors are seeing is the declaration of supplementary dividends, which will eventually turn to a more permanent raise. Is the raise a permanent one or just temporary? Since Sun Life had already reported Q3 2021 results and declared its quarterly dividend, it couldn't re-declare a new one. Combined with its previously declared dividend of $0.55 per share, shareholders are effectively receiving a 20% bump to their quarterly income. On November 8, this leading insurance company announced a one-time, supplementary dividend of C$0.11 per share. The announcement, which came earlier this month, was proceeded by a flurry of dividend raises – Sun Life included. Despite strong quarters from companies in the industry, it took the OSFI more than a year to lift these caps. Dividend raises and share buybacks had been frozen seen the onset of the pandemic. The OSFI provides the regulatory framework for deposit-taking institutions and oversight over most Canadian financial institutions. It is yet another reason to be bullish on insurance and financial service companies like Sun Life Financial ( SLF). In case you missed it, the Office of the Superintendent of Financial Institutions (OSFI) gave financial companies the green light to raise dividends once again. The company was founded on Maand is headquartered in Toronto, Canada.Investors who are heavily weighted towards Canadian financial stocks are having a good week. The Corporate segment represents United Kingdom business unit and corporate support operations, which include run-off reinsurance operations as well as investment income, expenses, capital, and other items. The Sun Life Financial Asia segment comprises of Philippines, Hong Kong, Indonesia, Vietnam, Malaysia, India, and China markets. The Sun Life Financial Asset Management segment focuses on the design and delivers investment products through MFS investment management, and Sun Life investment management. The Sun Life Financial United States segment consists of group benefits, international and in-force management services. The Sun Life Financial Canada segment offers individual insurance and wealth, and group benefits and retirement services.
It operates through the following segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate. The firm engages in the provision of financial services.
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