Why Sun Life (SLF) is a Great Dividend Stock Right Now

Company Overview - Sun Life (SLF) is headquartered in Toronto and operates in the financial services sector, specifically in life insurance [3] - The company has experienced a price change of -4.15% year-to-date [3] Dividend Information - Sun Life currently pays a dividend of $0.64 per share, resulting in a dividend yield of 4.49%, which is significantly higher than the industry average of 1.61% and the S&P 500's yield of 1.51% [3] - The annualized dividend of $2.55 represents a 6.3% increase from the previous year [4] - Over the past five years, Sun Life has increased its dividend five times, achieving an average annual increase of 8.94% [4] - The current payout ratio is 51%, indicating that the company pays out 51% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - The Zacks Consensus Estimate for Sun Life's earnings in 2025 is projected to be $5.34 per share, reflecting a year-over-year growth rate of 9.88% [5] Investment Appeal - Sun Life is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 2 (Buy) [6]