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Return on investment: Suncor Energy approves a quarterly dividend of $0.57 per common share

13/11/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Suncor's board of directors approved a quarterly dividend of $0.57 per common share. It will be payable on December 24, 2024 to shareholders of record at the close of business on December 3, 2024.

Le dividende approuvé représente une hausse d' environ 5% compared to the previous quarterly dividend. According to Rich Kruger, President and CEO of Suncor, “sustainable operational improvements across our asset base, the continued achievement of free cash flow improvements, and significant share repurchases have contributed to higher free cash flows per share. The board's confidence in improved operating performance& and the strengthening of our financial position support the increase in the quarterly dividend as part of our commitment to increasing shareholder returns

.”

Suncor Energy is Canada's largest integrated energy company. Its activities include the development, production and upgrading of oil sands; offshore oil production; oil refining in Canada and the United States; and the company's Petro-Canada [MC] retail and wholesale distribution networks (including the Trans-Canada Electric Highway [MC]), a network of fast-charging stations for V Born from coast to coast).

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