07:35:20 EST Wed 04 Dec 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Suncor Energy Inc
Symbol SU
Shares Issued 1,288,359,216
Close 2024-02-23 C$ 45.79
Market Cap C$ 58,993,968,501
Recent Sedar Documents

Globe's Rothery praises Suncor for dividends

2024-02-26 09:13 ET - In the News

The Globe and Mail reports in its Saturday edition that Suncor Energy is one of the best dividend-paying stocks on the Toronto Stock Exchange. The Globe's Norman Rothery, writing in a summary of top Canadian dividend payers, says that Suncor is a large integrated oil and gas company with operations in the United States and Canada. It is the second-largest member among Toronto's dividend payers this year with a market cap near $58-billion. Suncor boosted its dividend per share by 4.8 per cent over the past year and it offers a dividend yield of 4.9 per cent. It also cut its share count by 4.1 per cent over the last four quarters. Dividend stocks have a special place in the Canadian stock market and are beloved by risk-averse investors. It is easy to see why because, as a group, they have provided outsized returns and avoided the worst of some of the biggest market crashes since the turn of the century. A simple dividend portfolio composed of the largest 200 stocks on the TSX would have gained an average of 11 per cent annually since the end of 1999 to the end of January, 2024, when rebalanced monthly. In comparison, the Canadian market's main benchmark gained an average of 6.6 per cent annually over the same period.

© 2024 Canjex Publishing Ltd. All rights reserved.