Suncor Energy Set to Trade Ex-Dividend on December 3, 2024

Suncor Energy Inc announces an upcoming dividend of $0.57, impacting shares on 12/3/24. The stock's performance shows a recent price of $39.55, and investors can anticipate a nominal decrease in trading due to the dividend payout. The company's yield appears promising.

Date: 30-11-2024

AI Rating: 6

Suncor Energy Inc (Symbol: SU) is scheduled to trade ex-dividend on December 3, 2024, with a quarterly dividend of $0.57, which equates to approximately 1.44% of its recent stock price of $39.55. This indicates that SU shares are expected to open lower by the same percentage on the ex-dividend date, assuming no other market factors influence the price.

The analysis suggests a good dividend yield, estimated at 5.76% on an annualized basis. This may provide investors with a reasonable expectation of income from holding shares in SU. A history of dividend payouts helps assess the stability and predictability of this yield for potential investors.

Furthermore, the report highlights that SU's 52-week performance range is from a low of $29.45 to a high of $41.945, with the current trading value at $39.71, suggesting that SU is positioned well within its historical performance metrics. Trading flat on the preceding day indicates that there may not be an immediate market reaction outside of the anticipated dividend adjustment.

Stocks: SU