Suncor Energy Inc. (SU) Plans Dividend Increase – $0.36 Per Share

Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Wednesday, February 7th, RTT News reports. Stockholders of record on Monday, March 5th will be given a dividend of 0.36 per share on Monday, March 26th. This represents a $1.44 annualized dividend and a dividend yield of 3.39%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.32.

Suncor Energy (SU) traded down C$0.33 during mid-day trading on Wednesday, hitting C$42.45. 3,480,000 shares of the stock traded hands, compared to its average volume of 2,620,000. Suncor Energy has a 1 year low of C$36.09 and a 1 year high of C$47.69. The stock has a market capitalization of $69,920.00, a price-to-earnings ratio of 19.65 and a beta of 0.40.

In related news, insider Mark Stephen Little sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of C$45.51, for a total value of C$45,510.00.

SU has been the subject of several recent research reports. Wells Fargo & Co lifted their target price on shares of Suncor Energy from C$56.00 to C$59.00 in a report on Thursday, January 11th. Barclays lifted their target price on shares of Suncor Energy from C$47.00 to C$49.00 in a report on Tuesday, October 10th. BMO Capital Markets lifted their target price on shares of Suncor Energy from C$50.00 to C$52.00 in a report on Thursday, November 16th. TD Securities lowered shares of Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 target price for the company. in a report on Thursday, November 16th. Finally, CIBC lifted their target price on shares of Suncor Energy from C$50.00 to C$53.00 in a report on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$50.71.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at

About Suncor Energy

Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

Dividend History for Suncor Energy (TSE:SU)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit