Suncor Energy Inc. (SU) To Go Ex-Dividend on March 4th

Suncor Energy Inc. (NYSE:SU) (TSE:SU) announced a quarterly dividend on Tuesday, February 3rd. Investors of record on Wednesday, March 4th will be paid a dividend of 0.60 per share by the oil and gas producer on Wednesday, March 25th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, March 4th.

Suncor Energy has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 4 years. Suncor Energy has a dividend payout ratio of 58.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Suncor Energy to earn $3.68 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 47.3%.

Suncor Energy Stock Up 1.8%

SU stock opened at $56.50 on Monday. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $50.46 and a two-hundred day moving average of $44.81. Suncor Energy has a 12 month low of $30.79 and a 12 month high of $57.13. The company has a market cap of $67.23 billion, a price-to-earnings ratio of 16.28 and a beta of 0.46.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.The business had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.79 billion. During the same period in the previous year, the firm posted $1.25 EPS. As a group, analysts forecast that Suncor Energy will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Company Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.