Suncor Energy (SU) Dividend: History, Dates & Yield - 2024
Dividend History
Suncor Energy announced a quarterly dividend of $0.40 per ordinary share, payable on 2024-12-24, with an ex-dividend date of 2024-12-03. Suncor Energy typically pays dividends four times a year, compared to $1.61 in 2024.
Find details on Suncor Energy's dividend performance with a comprehensive history of past and upcoming payments.
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-03 | $0.40 | quarterly | 2024-12-24 |
2024-09-04 | $0.40 | quarterly | 2024-09-25 |
2024-06-04 | $0.40 | quarterly | 2024-06-25 |
2024-03-01 | $0.40 | quarterly | 2024-03-25 |
2023-11-30 | $0.40 | quarterly | 2023-12-22 |
2023-08-31 | $0.38 | quarterly | 2023-09-25 |
2023-06-02 | $0.39 | quarterly | 2023-06-26 |
2023-03-02 | $0.38 | quarterly | 2023-03-24 |
2022-12-01 | $0.38 | quarterly | 2022-12-23 |
2022-09-01 | $0.37 | quarterly | 2022-09-26 |
Dividend Increase
Suncor Energy's dividend growth over the last five years (2020-2024) was 10.25% per year, while over the last ten years (2015-2024), it was 7.58% per year. In comparison, Imperial Oil has seen an average growth rate of 22.79% over the past five years and EC's growth rate was 413.46%.
By comparing Suncor Energy's dividend growth to other companies, investors can gain insight into how consistent its dividend strategy is and what that means for future payouts. However, dividend growth is just one factor to consider. Investors should also evaluate other metrics, such as earnings growth, payout ratio, and overall financial health, to get a full picture of Walmart's dividend sustainability and potential.
Dividend Yield
Suncor Energy's current trailing twelve-month (TTM) dividend yield is 4.11%. Over the last 12 months, Suncor Energy has maintained this yield, but how does it compare to similar stocks? For example, Imperial Oil offers a yield of 2.54%, while EC provides a yield of 0.00%. Comparing similar stocks can help investors assess Suncor Energy's yield and make more informed decisions.
Company | Dividend Yield | Annual Dividend | Stock Price |
---|---|---|---|
Suncor Energy (SU) | 4.11% | $1.60611 | $39.07 |
Imperial Oil (IMO) | 2.54% | $1.74535 | $68.65 |
EC (EC) | 0% | $1.57089 | $8.63 |
Dividend Yield Calculator
Interested in purchasing Suncor Energy stock? Use our calculator to estimate your expected dividend yield and see how Walmart's consistent payouts could contribute to your long-term investment goals. Understanding your potential returns can help you make an informed decision.
Payout Ratio
Suncor Energy has a payout ratio of 0.35%. In comparison, Imperial Oil has a payout ratio of 0.25%, while EC's payout ratio is 1.00%.
It's important to note that the payout ratio is just one of many metrics investors use to assess a company's dividend sustainability and growth potential. It should be considered alongside other financial indicators such as earnings, cash flow, and debt levels to gain a complete picture of the company's financial health.
About Suncor Energy
- Global presence Company operates in multiple countries across different continents
- Key segments Diversified business operations with key segments in technology, healthcare, and energy industries
- Products/services Provides a range of products and services including software solutions, medical devices, and renewable energy technologies
- Financial stability Company has a strong financial position with consistent revenue growth and profitability
- Dividend outlook Company has a history of paying dividends to shareholders and is expected to continue doing so in the future
Frequently Asked Question
Other factors to consider when evaluating Suncor Energy as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Suncor Energy's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Suncor Energy publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Suncor Energy distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Suncor Energy are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Suncor Energy sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Suncor Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Suncor Energy declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Suncor Energy's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Suncor Energy's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.