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Derived from payout historyIncome reliability
Quarterly income profile is visible
SLF.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
SLF.TO
Sun Life Financial
FinancialsPlain dividendQuarterly
Market Snapshot
$107.99
-$1.93 (-1.76%)
Toronto
Yield
3.42%
Rate $3.76
Next Payment
—
Ex-date 2026-08-26
52wk Position
72.39%
-9.24% below high
Updated —
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $94.00
- APR
- 0.870
- Coverage
- 0.870
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $94.00
- Cushion
- -$13.99
- Cushion %
- -12.95%
Current $107.99Break $94.00
Smart Recommendation
SLF.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Strong
3mo agoDRIP availability
Available
3mo agoTax character
Eligible dividend
3mo agoDistribution history
Multi-decade
3mo agoStructure complexity
Moderate
3mo agoIncome trend
Growing
3mo agoAccount suitability
Non-reg: eligible div
3mo agoStructure Overview
Sun Life Financial (SLF) is a Canadian insurance and asset management company that maintained its dividend through the 2008 crisis, unlike some insurance peers. SLF operates across Canada, the United States, Asia, and the United Kingdom, providing geographic diversification. Eligible dividends are paid quarterly.
Canadian Planning Notes
- 1SLF's dividend was held flat (not cut) during 2008–2009, reflecting stronger capital and liability management than some peers; this track record is a relevant data point for sustainability assessment.
- 2Asian operations introduce currency risk and growth exposure not present in domestic Canadian financial stocks; the geographic mix can support long-term dividend growth.
- 3Eligible dividends qualify for the dividend tax credit; verify the current payout ratio and capital ratio with SLF's most recent financial statements.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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Related Holdings
This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.