Suncor Energy Inc. (SU) to Issue Quarterly Dividend of C$0.29 on December 23rd
Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Monday, November 14th. Investors of record on Friday, December 2nd will be given a dividend of 0.29 per share on Friday, December 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Wednesday, November 30th.
Suncor Energy (TSE:SU) opened at 41.26 on Tuesday. The company has a 50-day moving average price of $40.01 and a 200-day moving average price of $36.66. The firm’s market cap is $68.70 billion. Suncor Energy has a 12-month low of $27.32 and a 12-month high of $43.08.
SU has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a C$42.00 target price on shares of Suncor Energy in a research report on Friday, September 30th. TD Securities lifted their target price on Suncor Energy from C$44.00 to C$45.00 and gave the stock a “buy” rating in a research report on Thursday, October 27th. Raymond James Financial Inc. lifted their target price on Suncor Energy from C$42.00 to C$43.00 in a research report on Wednesday, October 12th. Scotiabank lifted their target price on Suncor Energy from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, November 18th. Finally, BMO Capital Markets lifted their target price on Suncor Energy from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Suncor Energy currently has an average rating of “Buy” and a consensus price target of C$43.27.
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About Suncor Energy
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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