Sun Life Financial, a Toronto-based financial services company, is highlighted as an attractive dividend stock with a current dividend yield of 3.59%, well above the insurance-life insurance industry average of 1.69% and the S&P 500's 1.4%. The company pays a quarterly dividend of $0.71 per share, and its annualized dividend of $2.83 represents a 13% increase from last year. Over the past five years, Sun Life has raised its dividend five times, achieving an average annual increase of 8.94%. With a payout ratio of 50% and a Zacks Consensus Estimate for 2026 earnings of $5.76 per share, implying 8.07% year-over-year growth, the stock carries a Zacks Rank of #2 (Buy).
Sun Life Financial Inc.Article highlights Sun Life's strong dividend yield, growth, and Buy rating, which are positive financial/valuation signals.