Suncor Energy Inc. (SU) to Issue Quarterly Dividend of C$0.60 on June 25th

Suncor Energy Inc. (NYSE:SU) (TSE:SU) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Thursday, June 4th will be given a dividend of 0.60 per share by the oil and gas producer on Thursday, June 25th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, June 4th.

Suncor Energy has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Suncor Energy has a dividend payout ratio of 58.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Suncor Energy to earn $5.37 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 32.8%.

Suncor Energy Stock Performance

NYSE:SU opened at $63.74 on Tuesday. The stock has a market cap of $75.27 billion, a P/E ratio of 16.73 and a beta of 0.31. The firm’s fifty day simple moving average is $65.26 and its 200 day simple moving average is $55.26. Suncor Energy has a twelve month low of $35.93 and a twelve month high of $70.29. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.20.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. The company had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same quarter last year, the firm earned $1.31 EPS. As a group, research analysts predict that Suncor Energy will post 7.07 EPS for the current year.

About Suncor Energy

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.