Suncor Energy Inc. (NYSE:SU) (TSE:SU) announced a quarterly dividend on Tuesday, November 14th, NASDAQ reports. Shareholders of record on Friday, December 1st will be given a dividend of 0.251 per share by the oil and gas producer on Friday, December 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Suncor Energy ‘s previous quarterly dividend of $0.19.

Suncor Energy has increased its dividend payment by an average of 7.6% per year over the last three years. Suncor Energy has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Suncor Energy to earn $1.08 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 118.5%.

Suncor Energy (SU) traded down $0.08 during midday trading on Friday, hitting $35.34. 1,846,477 shares of the company’s stock were exchanged, compared to its average volume of 3,423,010. The company has a market capitalization of $58,615.07, a PE ratio of 30.53, a PEG ratio of 3.26 and a beta of 0.85. Suncor Energy has a 12-month low of $27.96 and a 12-month high of $36.71. The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.15. The firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.80 billion. Suncor Energy had a net margin of 11.63% and a return on equity of 5.68%. analysts expect that Suncor Energy will post 1.28 EPS for the current year.

A number of research firms have weighed in on SU. TD Securities cut shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Thursday, November 16th. Zacks Investment Research cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Edward Jones raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Morgan Stanley boosted their target price on shares of Suncor Energy from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $51.00 target price on shares of Suncor Energy in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.14.

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About Suncor Energy

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  (NYSE:SU)

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