Sun Life Financial declares quarterly dividends on Common and Preferred Shares payable in Q1 2016
OREANDA-NEWS. The Board of Directors of Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced a quarterly dividend of $0.39 per common share, payable March 31, 2016, to shareholders of record at the close of business on March 2, 2016. This is the same amount as paid in the previous quarter.
The Board also announced that the following quarterly dividends on its Class A Non-Cumulative Preferred Shares are payable on March 31, 2016, to shareholders of record at the close of business on March 2, 2016:
Dividends payable to participants in the Canadian Dividend Reinvestment and Share Purchase Plan (the "Plan") are used to purchase common shares either from treasury or in the open market, at our discretion. Commencing with the dividends payable on March 31, 2016, and until further notice, common shares acquired under the Plan will be purchased by the Plan agent on the open market. Participants in the Plan are hereby notified that the Amended and Restated Offering Circular for the Plan has been amended to reflect that open market purchases may be made through the facilities of the Toronto Stock Exchange and though 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).