Sun Life Financial said its board approved a 4.1% increase to the company's quarterly dividend, the second such increase this year.
Sun Life said the board raised the dividend to 1 Canadian dollar from C$0.96. In May, the board approved an increase of C$0.04, raising the dividend from C$0.92 to C$0.96.
The new dividend, C$4 on an annual basis, will be payable on Dec. 31 to shareholders of record at the close of business on Nov. 25.
Based on the most recent closing price of C$114.52 on the Toronto Stock Exchange, the new dividend represents a yield of 0.8%.
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