Suncor Energy Inc. (SU) Announces $0.32 Quarterly Dividend
Suncor Energy Inc. (TSE:SU) (NYSE:SU) announced a quarterly dividend on Tuesday, November 14th, RTT News reports. Stockholders of record on Friday, December 1st will be given a dividend of 0.32 per share on Friday, December 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.77%.
Suncor Energy (TSE SU) traded up C$0.03 during trading hours on Tuesday, hitting C$46.22. 1,567,294 shares of the stock were exchanged, compared to its average volume of 2,670,970. Suncor Energy has a twelve month low of C$36.09 and a twelve month high of C$46.66.
SU has been the subject of several research analyst reports. TD Securities decreased their price objective on shares of Suncor Energy from C$46.00 to C$45.00 and set a “buy” rating for the company in a research report on Thursday, July 27th. AltaCorp Capital lowered shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 28th. J P Morgan Chase & Co increased their price objective on shares of Suncor Energy from C$39.00 to C$42.00 in a research report on Thursday, September 14th. Barclays PLC increased their price objective on shares of Suncor Energy from C$47.00 to C$49.00 in a research report on Tuesday, October 10th. Finally, National Bank Financial decreased their price objective on shares of Suncor Energy from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Suncor Energy presently has an average rating of “Buy” and an average target price of C$49.17.
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Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an 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.
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