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Featured MNV Articles:
| Sun Life Financial's Preferred Shares Series 3 Yield Pushes Past 6%By Preferred Stock Channel Staff, Wednesday, March 27, 3:32 PM ET
In trading on Wednesday, shares of Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 3 (TSE:SLF.PRC.CA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.1125), with shares changing hands as low as $17.80 on the day. As of last close, SLF.PRC.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.PRC.CA shares, versus SLF.CA:
Below is a dividend history chart for SLF.PRC.CA, showing historical dividend payments on Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 3:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Wednesday trading, Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 3 (TSE:SLF.PRC.CA) is currently off about 0.9% on the day, while the common shares (TSE:SLF.CA) are trading flat.
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