Sun Life Financial's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Sun Life Financial (NYSE:SLF) announced a quarterly dividend of 78 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning SLF stock by the end of Monday are eligible for the dividend, which will be paid on December 29, 2023. The stock is expected to open 78 cents lower on the ex-dividend date.
November 23, 2023 | 2:45 pm
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Sun Life Financial will pay a quarterly dividend of 78 cents per share, with the ex-dividend date being this Tuesday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of Sun Life Financial is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced in by the market.
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