Suncor Energy Inc. (TSE:SU) to Issue $0.57 Quarterly Dividend

Suncor Energy Inc. (TSE:SU) (NYSE:SU) announced a quarterly dividend on Tuesday, March 4th, TickerTech Dividends reports. Shareholders 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 annualized dividend and a yield of 4.12%. The ex-dividend date is Tuesday, March 4th.

Suncor Energy Stock Performance

TSE:SU opened at C$55.36 on Friday. The company has a 50-day moving average of C$54.96 and a 200-day moving average of C$54.10. The firm 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 has a current ratio of 1.59, a quick ratio of 0.83 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SU. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 14th. National Bankshares raised their price objective on Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Jefferies Financial Group boosted their target price on Suncor Energy from C$58.00 to C$59.00 in a research report on Monday, February 24th. TD Securities increased their price target on Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Finally, Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus target price 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.