Details of Suncor’s dividend
How often does Suncor pay its dividend?
On September 24, 2021, shareholders of Suncor Energy received a quarterly dividend payment of C$0.21 per share.
What is next ex dividend date?
Prior to the record date for deciding who gets the next dividend, the ex-dividend date of a stock is normally set one business day before the record date. Instead, the seller will receive the dividend for the upcoming year. ” You’ll get the dividend if you buy the stock before it goes ex-dividend date on the stock.
Is Suncor going to increase dividend?
After the market closed on Wednesday, Suncor said that it would double its quarterly dividend to 42 cents per share, a 100 percent increase that takes the company’s payout back to pre-pandemic levels..
How much does Suncor pay per share in dividend?
Each SU share pays out a dividend of $0.51 per share in cash. In terms of dividend yield, SU’s yearly dividend is 2.09 percent. Suncor Energy’s dividend is lower than the US Oil & Gas Integrated industry average of 4.26 percent, and it is lower than the US market average of 4.43 percent..
About Suncor Energy
Athabasca oil sands, one of Canada’s greatest petroleum resource basins, was first commercially developed in 1967. While initially focusing on oil and gas, Suncor has since evolved into an international, Canadian-based integrated energy business with an excellent balance sheet and tremendous growth opportunities.
Petroleum refining, oil sands development and upgrading, conventional and offshore oil and gas production, and product marketing under the PetroCanadaTM brand are all part of Suncor’s business in Calgary, Alberta. Suncor is expanding its portfolio of renewable energy sources even as it works to safely develop petroleum resources.
TSE and NYSE both list Suncor’s common shares (ticker symbol: SU) as public company shares.
Shareholder Information
To join our email list, go to the Computershare website. Our email alerts will keep you in the loop on all the latest Suncor news.
Please direct me to any other resources you may have on the proposed purchase of Canadian Oil Sands Limited.
A: The acquisition is described in detail in Canadian Oil Sands’ Management Proxy Circular, dated February 19, 2016. SEDAR’s website has a copy of the Management Proxy Circular.
Dividend Information
I’m afraid that’s correct. Suncor’s ordinary stockholders get a quarterly dividend. The Board of Directors has sole authority to declare dividends.
Inquiry: Does Suncor have a DRIP and/or a Cash Purchase Plan in place?
For the sake of future generations A: Payments for dividends will be retained in trust if the shareholders of Petro-Canada do not contact Computershare to exchange their certificates within a reasonable time (up to six years).
Computershare’s website has a link to Frequently Asked Questions for interested shareholders.
Should I buy before or after ex-dividend?
There are two key dates that affect whether or not you should receive a dividend. Record date or “date of record” and ex-dividend date or “ex-date” are the two terms most commonly used.
In order to get a dividend from a firm, you must be on the books as a shareholder by a certain date. On this date, companies send out financial reports and other information to shareholders.
Stock market laws dictate that the ex-dividend date is set once the record date has been established by the company. Prior to the record date for dividends, the ex-dividend date is typically one working day earlier. To get the next dividend payment, you must buy the stock before its ex-dividend date or after. Sellers get the dividend instead. You get the dividend if you buy before the ex-dividend date.
On September 8, 2017, the board of directors of Company XYZ declared a dividend for shareholders to be paid on October 3, 2017. Shareholders of record as of September 18, 2017 are eligible for the dividend, XYZ said in a statement. One business day prior to the record date, the stock would then go ex-dividend.
Monday is the record date in this example. Prior to record date or opening of market, ex-dividend is fixed one business day prior to record date or opening of market. Those who purchased the stock after Friday will not receive the dividend. Additionally, individuals who buy before Friday’s ex-dividend date will be eligible for the payout.
On the ex-dividend day, a stock’s price may drop by the dividend amount.
The ex-dividend date is determined differently if the dividend is 25% or more of the stock’s value.
If the dividend is paid on a Friday, the ex-dividend date will be delayed until the next business day.
For a company that pays a dividend equal to 25% or more of its value, the ex-dividend date is October 4, 2017.
Some companies prefer to pay their shareholders in the form of shares rather than cash as a dividend. Additional shares in the company or in a subsidiary that is being spun off are possible stock dividends. Different rules may apply to stock dividends and cash dividends. When the stock dividend is paid, the ex-dividend date is set for the first business day of the next week (and is also after the record date).
The entitlement to a dividend is forfeited if stock is sold before to the ex-dividend date. Because the seller will obtain an IOU or “due bill” from his or her broker for the additional shares, you have an obligation to provide the additional shares to the buyer of your shares. Remember that the first business day following the record date is not the first business day after the stock dividend is paid, but rather the first business day after the dividend is paid.
When it comes to specific payouts, it’s best to contact with a financial counselor beforehand.
How soon can I sell stock after ex-dividend date?
Note that you can sell a stock after the ex-dividend date and still get your dividend if you purchased previous to the ex-dividend date. This is an important point to remember. One of the most widespread myths about investing in stocks is that you have to keep them until the record date or the payment date.
When purchasing a dividend-paying stock, keep an eye out for the stock’s ex-dividend date. Our ex-dividend calendar, on the other hand, is highly recommended.
As of this date,
Only those shareholders who have paid dividends are entitled to a dividend check, regardless of when the record date is “record-holders”). The record date is currently the next business day after the ex-dividend date, as it has traditionally been (business days being non-holidays and non-weekends). This date has no bearing on dividend investors, since the ex-dividend date determines eligibility.
4. The Due Date for Payment
The due date (or payment date) is the name of the game “is when a firm really distributes its dividends. After the ex-dividend date, this date typically occurs between two and one month.
Use the Ex-Dividend Date Search tool to keep track of stocks that are set to go ex-dividend at a specified point in the future. In dividend investing, ex-dividend dates are critical because you must possess a company before its ex-dividend date to be eligible for its next payout. Ex-Dividend results for October 30, 2018, are shown in this snapshot.
What happens if I sell shares on the ex-dividend date?
- The corporation will not pay a dividend to shareholders who sell their shares before to the ex-dividend date, commonly known as the ex-date.
- On the ex-dividend date, new shareholders do not have the right to the next dividend; but, if stockholders continue to hold their stock, they may still be eligible for the following dividend payment.
- When the ex-dividend date comes around, those who sold their shares will still be entitled to the dividend.
- Your name does not appear in the company’s record book immediately after you buy shares; this process can take up to three days.
How much debt does Suncor Energy have?
To put it another way, as of March 2, 2017, Suncor Energy has $24.75 billion in outstanding debt, which includes both long-term and short-term debts. The corporation has a net debt of $21.74 billion after subtracting $3.02 billion in cash-equivalents.
Here are some definitions for some of the words we used in the last section. A company’s current and long-term debt are defined as the portion of the company’s debt that is due within one year and the portion that is due more than one year. The term “cash equivalents” refers to any short-term, liquid investment with a maturity of 90 days or less. Long-term debt and short-term debt are subtracted from the total to arrive at the total debt.
Will Enbridge increase dividend in 2021?
For the past 66 years, Enbridge has paid dividends to its shareholders. After a 3 percent increase to our dividend per share, the quarterly dividend will rise to $0.835, effective December 2020. This equates to a yearly dividend per share of $3.34 in 2021. The dividend has grown at an average yearly rate of 10% during the past 26 years.
With our dividend growth, we’ve also maintained a healthy balance between returning income to shareholders and reinvesting in new growth opportunities. Our dividend payout ratio, which is expected to remain between 60 and 70 percent of DCF, is expected to remain within our target dividend payout ratio of 60 to 70 percent.
