Share buybacksThe dividend was 26 cents in 2009, now its 18.5 cents in 2016... The dividend was 20 cents at the end of Q4 2006 (a decade ago) so the dividend is less today than it was 10 freaking years ago !!!!. They drastically cut it and have not even nearly began to get it back to where it used to be. Why dont they try this before buying back shares... and they wonder why people dont want to own the stock... who wants to own something when the risk of cutting the dividend in half again is there. I dont own this and have no intentions of owning it.
10 years ago sunlife was paying 30 cents, now they are paying 40.5. The froze the dividend for a few years but didnt cut it in half when times got tough... I know where my money is going.. and it isnt MFC.