Suncor Energy Inc. (SU) Declares Quarterly Dividend of $0.36

Suncor Energy Inc. (TSE:SU) (NYSE:SU) announced a quarterly dividend on Wednesday, February 7th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 3.39%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.32.

Shares of Suncor Energy (TSE SU) traded down C$0.33 during trading hours on Wednesday, hitting C$42.45. The stock had a trading volume of 3,480,000 shares, compared to its average volume of 2,620,000. Suncor Energy has a 52-week low of C$36.09 and a 52-week high of C$47.69. The company has a market capitalization of $69,920.00, a PE ratio of 19.65 and a beta of 0.40.

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

A number of brokerages have recently issued reports on SU. Eight Capital set a C$56.00 price objective on Suncor Energy and gave the company a “neutral” rating in a research note on Thursday, January 11th. Wells Fargo & Co raised their price objective on Suncor Energy from C$56.00 to C$59.00 in a research note on Thursday, January 11th. National Bank Financial raised their price objective on Suncor Energy from C$49.00 to C$56.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$52.00 price objective on shares of Suncor Energy in a research note on Monday, December 11th. Finally, Raymond James Financial raised their price objective on Suncor Energy from C$47.00 to C$52.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$50.71.

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Suncor Energy Company Profile

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)

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