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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) announced a quarterly dividend on Wednesday, June 4th, TickerTech Dividends reports. Stockholders of record on Wednesday, June 25th will be given a dividend of 0.57 per share on Wednesday, June 25th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Wednesday, June 4th.

Suncor Energy Trading Down 1.0%

Shares of SU stock opened at C$48.91 on Monday. The business has a 50-day moving average of C$49.34 and a 200 day moving average of C$52.64. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. Suncor Energy has a 1-year low of C$43.59 and a 1-year high of C$58.58. The stock has a market capitalization of C$61.34 billion, a PE ratio of 7.72, a P/E/G ratio of 0.15 and a beta of 1.47.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SU shares. JPMorgan Chase & Co. decreased their price objective on shares of Suncor Energy from C$63.00 to C$62.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Scotiabank upgraded Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Jefferies Financial Group increased their price objective on Suncor Energy from C$58.00 to C$59.00 in a report on Monday, February 24th. Wells Fargo & Company lifted their price objective on Suncor Energy from C$57.00 to C$59.00 in a research report on Thursday, May 22nd. Finally, Desjardins decreased their target price on Suncor Energy from C$63.00 to C$62.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$62.58.

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.