Suncor Energy Inc. (SU.TO) (SU) to Issue Quarterly Dividend of $0.21 on December 24th

Suncor Energy Inc. (SU.TO) (TSE:SU) (NYSE:SU) announced a quarterly dividend on Wednesday, November 18th, RTT News reports. Shareholders of record on Thursday, December 3rd will be paid a dividend of 0.21 per share on Thursday, December 24th. This represents a $0.84 annualized dividend and a yield of 4.17%.

Shares of SU opened at C$20.14 on Friday. The business’s 50-day moving average is C$16.51 and its two-hundred day moving average is C$20.77. The company has a market capitalization of $30.72 billion and a P/E ratio of -4.75. The company has a debt-to-equity ratio of 58.33, a quick ratio of 0.58 and a current ratio of 0.98. Suncor Energy Inc. has a fifty-two week low of C$14.02 and a fifty-two week high of C$45.12.

Several equities research analysts have weighed in on SU shares. Raymond James set a C$22.00 price target on Suncor Energy Inc. (SU.TO) and gave the stock an “outperform” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. lowered their target price on shares of Suncor Energy Inc. (SU.TO) from C$20.00 to C$19.00 in a research note on Friday, October 30th. Eight Capital lowered their target price on shares of Suncor Energy Inc. (SU.TO) from C$32.00 to C$28.00 in a research note on Wednesday, September 16th. National Bank Financial increased their target price on shares of Suncor Energy Inc. (SU.TO) from C$27.00 to C$28.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Finally, Tudor Pickering & Holt set a C$21.00 target price on shares of Suncor Energy Inc. (SU.TO) and gave the stock a “buy” rating in a research note on Friday, October 9th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Suncor Energy Inc. (SU.TO) has an average rating of “Buy” and an average target price of C$27.22.

About Suncor Energy Inc. (SU.TO)

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

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Dividend History for Suncor Energy Inc. (SU.TO) (TSE:SU)

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