Dividends
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Dividends and Poker
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Sun Life Financial (SLF) Reports a Q3 Loss; Comments on Outlook and Dividend
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Sun Life Financial Inc. (NYSE: SLF) reports a Q3 loss of $0.25 vs. consensus for $0.17 profit.
"There is underlying strength in our business but we continue to face challenging economic headwinds," said Donald A. Stewart, Chief Executive Officer, Sun Life Financial. "Earnings in the third quarter were negatively impacted by previously announced actuarial assumption updates as well as credit markets."
Subject to the foregoing, the Company estimates normalized earnings for the year ended December 31, 2010 to be in the range of $1.4 billion to $1.7 billion. The Company cannot provide assurance that the Company's reported earnings in 2010 will be within the indicated range.
The Board of Directors of Sun Life Financial today declared a quarterly shareholder dividend of $0.36 per common share, maintaining its current quarterly dividend.
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