Suncor Energy Inc. (SU) to Issue Quarterly Dividend of $0.32 on December 22nd
Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Tuesday, November 14th, RTT News reports. Shareholders of record on Friday, December 1st will be paid a dividend of 0.32 per share on Friday, December 22nd. This represents a $1.28 annualized dividend and a yield of 2.88%. The ex-dividend date is Thursday, November 30th.
Suncor Energy (SU) opened at C$44.45 on Wednesday. Suncor Energy has a 52-week low of C$36.09 and a 52-week high of C$46.66.
In related news, insider Steven Walter Williams acquired 1,000 shares of Suncor Energy stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average price of C$39.39 per share, for a total transaction of C$39,390.00. Also, Director Jacynthe Cote acquired 2,000 shares of Suncor Energy stock in a transaction that occurred on Tuesday, September 19th. The stock was bought at an average price of C$41.78 per share, with a total value of C$83,560.00. In the last quarter, insiders purchased 3,539 shares of company stock valued at $146,553 and sold 76,100 shares valued at $3,440,074.
Several brokerages have issued reports on SU. Royal Bank Of Canada raised their target price on shares of Suncor Energy from C$45.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. TD Securities raised their target price on shares of Suncor Energy from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. National Bank Financial reduced their target price on shares of Suncor Energy from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Friday, October 13th. CIBC raised their target price on shares of Suncor Energy from C$50.00 to C$53.00 in a research note on Tuesday, October 17th. Finally, Barclays raised their target price on shares of Suncor Energy from C$47.00 to C$49.00 in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$48.92.
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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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