An anonymous director reports

SUNCOR ENERGY INCREASES QUARTERLY DIVIDEND

Suncor Energy Inc. has approved a quarterly dividend of 54.5 cents per share on its common shares representing an increase of approximately 5 per cent over the prior quarter dividend.

"The increase is supported by our improved operational performance and is consistent with our focus on growing free funds flow to support strong shareholder returns, which includes a sustainable and competitive dividend," said Rich Kruger, Suncor president and chief executive officer.

The dividend will be payable Dec. 22, 2023, to shareholders of record at the close of business on Dec. 1, 2023.

Suncor Energy is Canada's leading integrated energy company. Suncor'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 Petro-Canada retail and wholesale distribution networks (including Canada's Electric Highway, a coast-to-coast network of fast-charging electric vehicle stations).