Suncor Energy Inc. (SU) to Issue Quarterly Dividend of $0.57 on March 25th

Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Tuesday, March 4th, TickerTech Dividends reports. Investors of record on Tuesday, March 25th will be paid a dividend of 0.57 per share on Tuesday, March 25th. This represents a $2.28 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Tuesday, March 4th.

Suncor Energy Stock Up 0.3 %

Shares of Suncor Energy stock opened at C$55.36 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. Suncor Energy has a twelve month low of C$45.79 and a twelve month high of C$58.58. The company has a market cap of C$69.43 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company’s 50 day moving average is C$54.96 and its 200 day moving average is C$54.10.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SU. Wells Fargo & Company decreased their price target on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. TD Securities increased their price target on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Raymond James increased their price objective on shares of Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. Finally, Royal Bank of Canada reduced their price objective on shares of Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$62.61.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.