Monday Is Your Last Chance To Buy Sun Life Financial Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Sun Life Financial (NYSE:SLF) has announced a quarterly dividend of 75 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own SLF as of the end of Monday's session are eligible to receive the dividend, which will be paid out on September 29, 2023.
August 24, 2023 | 2:45 pm
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NEUTRAL IMPACT
Sun Life Financial's stock is expected to trade lower on Tuesday due to the ex-dividend status. However, the dividend payout could attract investors, potentially balancing the short-term impact.
The announcement of a dividend payout usually attracts investors who are interested in earning passive income. However, the stock will trade lower on Tuesday to reflect the payout, which could deter some investors. The net effect on the stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100