Suncor Energy Inc. (TSE:SU) Announces Quarterly Dividend of $0.42

Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Wednesday, November 13th, Zacks reports. Investors of record on Tuesday, December 3rd will be given a dividend of 0.42 per share on Tuesday, December 24th. This represents a $1.68 annualized dividend and a yield of 4.06%. The ex-dividend date is Monday, December 2nd.

TSE:SU opened at C$41.43 on Friday. The firm has a market capitalization of $63.68 billion and a PE ratio of 13.17. The business’s fifty day moving average price is C$40.91 and its 200 day moving average price is C$40.53. The company has a debt-to-equity ratio of 39.15, a current ratio of 0.96 and a quick ratio of 0.58. Suncor Energy has a 12 month low of C$35.53 and a 12 month high of C$46.50.

In other news, Senior Officer Eric Charles Axford sold 95,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$43.09, for a total transaction of C$4,093,569.00. Also, Senior Officer Michael Roderick Macsween sold 20,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$42.41, for a total transaction of C$848,166.00.

SU has been the topic of several recent analyst reports. Canaccord Genuity dropped their target price on Suncor Energy from C$59.00 to C$58.00 in a report on Tuesday, November 26th. Evercore dropped their target price on Suncor Energy from C$50.00 to C$45.00 in a report on Thursday, October 10th. Citigroup dropped their target price on Suncor Energy from C$55.00 to C$47.00 in a report on Tuesday, October 8th. National Bank Financial dropped their target price on Suncor Energy from C$48.00 to C$47.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. Finally, Royal Bank of Canada dropped their target price on Suncor Energy from C$50.00 to C$47.00 in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Suncor Energy presently has an average rating of “Hold” and an average target price of C$50.50.

Suncor Energy Company Profile

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 and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Dividend History for Suncor Energy (TSE:SU)

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