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Featured MNV Articles:
| Sun Life Financial's Preferred Shares Series 5 Cross 6% Yield MarkBy Preferred Stock Channel Staff, Tuesday, April 2, 3:29 PM ET
In trading on Tuesday, shares of Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 5 (TSE:SLF.PRE.CA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.125), with shares changing hands as low as $18.72 on the day. As of last close, SLF.PRE.CA was trading at a 24.40% discount to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of SLF.PRE.CA shares, versus SLF.CA:
Below is a dividend history chart for SLF.PRE.CA, showing historical dividend payments on Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 5:
Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 5 (TSE:SLF.PRE.CA) is currently down about 0.8% on the day, while the common shares (TSE:SLF.CA) are trading flat.
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