Dividend To Observe: Dec 23, 2016 will mean $0.22 dividends for Suncor Energy Inc. (NYSE:SU) shareholders.

Dividend To Observe: Dec 23, 2016 will mean $0.22 dividends for Suncor Energy  Inc. (NYSE:SU) shareholders.

Suncor Energy Inc. (NYSE:SU) is expected to pay $0.22 on Dec 23, 2016. The indicated annual dividend is $0.87. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Suncor Energy Inc.’s current price of $30.73, the dividend is 0.70%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 15, 2016. The stock decreased 1.44% or $0.45 during the last trading session, hitting $30.73. Suncor Energy Inc. (USA) (NYSE:SU) has risen 6.63% since April 26, 2016 and is uptrending. It has outperformed by 1.37% the S&P500.

Suncor Energy Inc. is an integrated energy company. The company has a market cap of $50.32 billion. The Firm is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. It currently has negative earnings. The Firm operates in three business divisions: Oil Sands, Exploration and Production (E&P), and Refining and Marketing.

Suncor Energy Inc. (USA) (NYSE:SU) Ratings Coverage

Out of 11 analysts covering Suncor Energy Inc. (NYSE:SU), 9 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 82% are positive. Suncor Energy Inc. has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Citigroup downgraded the stock to “Neutral” rating in Wednesday, April 20 report. On Friday, October 30 the stock rating was upgraded by National Bank Canada to “Outperform”. Citigroup maintained Suncor Energy Inc. (USA) (NYSE:SU) rating on Wednesday, September 16. Citigroup has “Neutral” rating and $36 price target. As per Tuesday, March 22, the company rating was initiated by JP Morgan. The firm has “Overweight” rating given on Wednesday, November 2 by Morgan Stanley. The firm earned “Buy” rating on Thursday, June 23 by Citigroup. Macquarie Research upgraded Suncor Energy Inc. (USA) (NYSE:SU) on Thursday, October 27 to “Outperform” rating. Bank of America initiated the shares of SU in a report on Friday, August 19 with “Buy” rating. The stock of Suncor Energy Inc. (USA) (NYSE:SU) has “Hold” rating given on Wednesday, November 18 by TD Securities.

More notable recent Suncor Energy Inc. (USA) (NYSE:SU) news were published by: Fool.ca which released: “Is Suncor Energy Inc. Going to Hit $50 Before the Year Ends?” on November 24, 2016, also Investorplace.com with their article: “Trade of the Day: Suncor Energy Inc. (USA) (SU) Is a Long-Term Buy” published on November 22, 2016, Fool.ca published: “Is it Time to Reconsider Suncor Energy Inc.?” on November 18, 2016. More interesting news about Suncor Energy Inc. (USA) (NYSE:SU) were released by: Fool.ca and their article: “Buffett Sells Suncor Energy Inc.: What Does This Mean for the Canadian Oil Patch?” published on November 16, 2016 as well as Fool.ca‘s news article titled: “Suncor Energy Inc. Is Going Through Radical Change: Here’s Why” with publication date: October 26, 2016.

SU Company Profile

Suncor Energy Inc. (Suncor), incorporated on August 1, 2009, is an integrated energy company. The Firm is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Firm operates in three business divisions: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. In addition, it explores for, acquires, develops, produces and markets natural gas and crude oil in Canada and internationally. It transports and refines crude oil, and markets petroleum and petrochemical products primarily in Canada. It also markets third-party petroleum products. Suncor conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, power and byproducts.

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