When did Suncor cut its dividend?

Suncor also said it would restore its dividend to 42 cents per share — up from the 21 cents it was cut to in May of 2020.

Will Suncor reinstate dividend?

The reinstatement to $0.42 per common share from $0.21 per share is a 100% increase in the quarterly dividend, commencing with the dividend payable on December 24, 2021 to shareholders of record at the close of business on December 3, 2021.

Does Suncor Energy pay a dividend?

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Summary Previous dividend Next dividend
Pay date 24 Dec 2021 (Fri) 25 Mar 2022 (Fri)

How much of a dividend does Suncor pay?

Dividend History for Suncor Energy, Inc. (su)

Ex-Div. Date Amount Yield
9/3/2020 $0.21 5.3%
12/2/2019 $0.42 5.4%
9/3/2019 $0.42 5.8%
6/3/2019 $0.42 5.6%

Is Suncor stock a buy?

Suncor Energy currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.

Does Imperial Oil pay a dividend?

Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the petroleum industry. The company has paid dividends every year for over a century and has increased its annual dividend payment for 27 consecutive years.

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Does CNQ have a drip?

Effective January 10, 2019, Canadian Utilities’ DRIP was suspended, and then subsequently reinstated effective January 13, 2022. Your ability to reinvest under the Plan may be restricted or suspended during the term of the Plan.

What is an ex dividend date for a stock?

The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

Is Suncor a long-term hold?

Suncor is a cyclical stock in a long-term downtrend

Hence, the oil price is determined by demand and supply. While Suncor can’t control demand, it can control supply. Whenever there is an oversupply (like in May 2020), oil prices fall, and so does Suncor’s stock price.

Is Suncor a good long-term investment?

While Suncor is running on cyclicality, it is in a long-term downtrend. If you look at its five-year returns, the stock never fully recovered from its 2008, 2018, and 2020 dips. This is because the overall oil industry is in a long-term downturn. Oil is not an environment-friendly source of energy.

Why should I invest in Suncor?

Debt reduction. High oil prices have enabled Suncor to reduce debt much faster than anticipated in 2021. Suncor lowered net debt by $2 billion in the quarter and by $3.1 billion year to date. The company now expects to be back to 2019 debt levels in Q4 and at its 2025 targeted net debt range by the end of this year.

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