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

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU declared 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 4.63%. The ex-dividend date is Tuesday, March 4th.

Suncor Energy Stock Down 3.1 %

Shares of TSE SU traded down C$1.58 during trading hours on Wednesday, hitting C$49.24. The stock had a trading volume of 18,211,767 shares, compared to its average volume of 7,903,609. The company has a market capitalization of C$61.76 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.15 and a beta of 1.47. The firm's 50-day moving average price is C$55.01 and its two-hundred day moving average price is C$54.06. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. Suncor Energy has a 52 week low of C$46.06 and a 52 week high of C$58.58.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SU shares. TD Securities upped their target price on Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. National Bankshares raised their target price on shares of Suncor Energy from C$65.00 to C$68.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. UBS Group boosted their target price on shares of Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. Finally, Scotiabank raised their price target on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Suncor Energy has a consensus rating of "Moderate Buy" and an average target price of C$62.61.

About Suncor Energy

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.