Sun Life Announces Dividend Rates on Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR | Intellectia.AI
Sun Life Announces Dividend Rates on Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR
Written by Emily J. Thompson, Senior Investment Analyst
Dividend Announcement: Sun Life Financial Inc. announced the dividend rates for its Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Series 9QR, effective from June 30, 2025, with fixed and floating rates of 4.230% and 4.054% respectively.
Conversion Rights: Holders of Series 8R and Series 9QR Shares must communicate with their brokers to exercise conversion rights by the deadline of June 16, 2025, at 5:00 p.m. ET.
SLF
$61.21+Infinity%1D
Analyst Views on SLF
Wall Street analysts forecast SLF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLF is 66.97 USD with a low forecast of 59.64 USD and a high forecast of 89.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
Wall Street analysts forecast SLF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLF is 66.97 USD with a low forecast of 59.64 USD and a high forecast of 89.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
6 Hold
1 Sell
Moderate Buy
Current: 61.270
Low
59.64
Averages
66.97
High
89.00
Current: 61.270
Low
59.64
Averages
66.97
High
89.00
Morgan Stanley
Equal Weight
maintain
$89 -> $91
2025-12-15
New
Reason
Morgan Stanley
Price Target
$89 -> $91
2025-12-15
New
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on Sun Life Financial to C$91 from C$89 and keeps an Equal Weight rating on the shares. Lower interest rates and a steady or better equity market should serve as the broader macro backdrops and 2026 should see "similar fundamental trends as 2025," the analyst tells investors in a life insurance group outlook note.
RBC Capital
Outperform -> Sector Perform
downgrade
$84
2025-11-07
Reason
RBC Capital
Price Target
$84
2025-11-07
downgrade
Outperform -> Sector Perform
Reason
RBC Capital downgraded Sun Life Financial to Sector Perform from Outperform with an unchanged C$84 price target. The company's underlying EPS was higher than the firm's estimate and consensus, but the U.S. segment had higher than expected experience losses related to Dental and stop-loss, the analyst tells investors in a research note. RBC adds that while it does not expect material unfavorable stop-loss experience to persist into 2026, it expects the Dental business to remain challenged throughout the forecast period.
Scotiabank
maintain
$83 -> $87
2025-11-07
Reason
Scotiabank
Price Target
$83 -> $87
2025-11-07
maintain
Reason
Scotiabank raised the firm's price target on Sun Life Financial to C$87 from C$83 and keeps a Sector Perform rating on the shares.
CIBC
Paul Holden
Neutral
downgrade
$94 -> $93
2025-11-07
Reason
CIBC
Paul Holden
Price Target
$94 -> $93
2025-11-07
downgrade
Neutral
Reason
CIBC analyst Paul Holden lowered the firm's price target on Sun Life Financial to C$93 from C$94 and keeps a Neutral rating on the shares.
About SLF
Sun Life Financial Inc. is an international financial services company. The Company is engaged in providing asset management, wealth, insurance and health solutions to individual and institutional clients. The Company’s segments include Asset Management, Canada, United States (U.S.), Asia, and Corporate. These business segments operate in the financial services industry. The Asset Management business group includes MFS Investment Management and SLC Management business units. Its business types include Asset management & wealth, Group-Health & Protection, and Individual-Protection. Its Asset management & wealth businesses focus on investment products. Its Group-Health & Protection businesses provide health and protection benefits to employers and government plan members. Its products and services include insurance, investments, financial advice, and asset management. It has operations in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
