Suncor Energy Plans Quarterly Dividend of C$0.23 (SU)
Suncor Energy (TSE:SU) declared a quarterly dividend on Monday, February 3rd, AnalystRatingsNetwork reports. Shareholders of record on Tuesday, March 4th will be given a dividend of 0.23 per share on Tuesday, March 25th. This represents a $0.92 dividend on an annualized basis and a yield of 2.58%.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Suncor Energy from C$44.00 to C$46.00 in a research note to investors on Monday, January 27th. They now have an “outperform” rating on the stock. On the ratings front, analysts at Canaccord Genuity raised their price target on shares of Suncor Energy from C$46.00 to C$50.00 in a research note to investors on Tuesday, January 7th. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Suncor Energy in a research note to investors on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Suncor Energy currently has an average rating of “Buy” and a consensus target price of C$46.89.
Suncor Energy (TSE:SU) opened at 35.64 on Tuesday. Suncor Energy has a 52-week low of $27.50 and a 52-week high of $38.56. The stock’s 50-day moving average is $36.91 and its 200-day moving average is $36.28. The company has a market cap of $53.052 billion and a price-to-earnings ratio of 18.67.
Suncor Energy Inc (TSE:SU) is an integrated energy company.
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