Sun Life Financial Renews Share Buyback Plan

Sun Life Financial (TSE:SLF) has released an update.

Sun Life Financial Inc. has announced the renewal of its normal course issuer bid, allowing the company to purchase up to 15 million common shares to manage capital and potentially return value to shareholders. The bid will be active from August 29, 2024, to August 28, 2025, and purchases can be made through various Canadian trading platforms or via private agreements with regulatory approval. Sun Life’s recent activity included buying 10.3 million shares at an average price of $69.40 under the previous bid.

For further insights into TSE:SLF stock, check out TipRanks’ Stock Analysis page.