Sun Life Financial (TSX:SLF)(NYSE:SLF) is a top insurance and financial services company in Canada. Its shares were down 1.42% in mid-afternoon trading Tuesday. The stock has climbed 10.5% in 2021 so far.
Meanwhile, underlying net income for the full year came in at $3.21 billion or $5.49 per share – up from $3.05 billion or $5.16 per share in 2019. Wealth sales posted 59% growth in Asia in the fourth quarter. However, underlying net income fell 19% year-over-year in its Asia-based business.
Shares of Sun Life last had a favourable price-to-earnings ratio of 15. Better yet, the dividend stock last paid out a quarterly distribution of $0.55 per share. That represents a solid 3.5% yield. Canadians should look to scoop up this top dividend stock that still offers decent value today.