Sun Life Financial's Preferred Shares Series 2 Crosses Above 5% Yield Territory

In trading on Tuesday, shares of Sun Life Financial Inc's Class A Non-Cumulative Preferred Shares Series 2 (Toronto: SLF-PRB) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.20), with shares changing hands as low as $23.91 on the day. As of last close, SLF.PRB was trading at a 3.40% discount to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not h...