Sun Life Financial (SLF) Declares $0.435 Quarterly Dividend; 4.6% Yield

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Go back to Sun Life Financial (SLF) Declares $0.435 Quarterly Dividend; 4.6% Yield

Sun Life Financial (SLF) Tops Q2 EPS by 34c

August 9, 2017 5:05 PM EDT

Sun Life Financial (NYSE: SLF) reported Q2 EPS of $1.12, $0.34 better than the analyst estimate of $0.78.

For earnings history and earnings-related data on Sun Life Financial (SLF) click here.

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Investors cool on Canadian banks, turn to insurers, amid housing fears

August 9, 2017 3:13 PM EDT

By Fergal Smith and Matt Scuffham

TORONTO (Reuters) - Investors are losing enthusiasm for Canada's banking stocks as a slowdown in the country's housing market dents banks' growth prospects, and they see insurance companies as a better bet to benefit from higher interest rates.

Home sales in Toronto, Canada's largest city, plummeted more than 40 percent in July from a year earlier and prices were down nearly 19 percent from April following the introduction of a range of measures designed to cool a housing market amid fears of a bubble, including a 15 percent tax on foreign buyers.

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