Suncor Energy Inc. Plans Quarterly Dividend of $0.57 (TSE:SU)

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

Suncor Energy Stock Up 0.3 %

Shares of TSE SU opened at C$55.36 on Friday. Suncor Energy has a 52-week low of C$45.79 and a 52-week high of C$58.58. The firm has a market capitalization of C$69.43 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 0.15 and a beta of 1.47. The stock has a 50 day moving average price of C$54.96 and a 200 day moving average price of C$54.10. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59.

Wall Street Analysts Forecast Growth

SU has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price target on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Jefferies Financial Group increased their target price on shares of Suncor Energy from C$58.00 to C$59.00 in a report on Monday, February 24th. National Bankshares boosted their price target on shares of Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Scotiabank increased their price objective on shares of Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. Finally, Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.