Suncor Energy's Dividend Announcement and Stock Impact

Suncor Energy Inc (SU) will trade ex-dividend on 3/4/25. This quarterly dividend of $0.57 may see shares drop 1.49% on the opening, affecting investor sentiment and stock performance.

Date: 28-02-2025

AI Rating: 6

Dividend Impact and Stock Performance
Suncor Energy Inc (SU) is set to trade ex-dividend on March 4, 2025, distributing a quarterly dividend of $0.57. Given SU's recent stock price of $38.20, this dividend corresponds to approximately 1.49% of the share price. Consequently, if all factors remain constant, investors can expect SU shares to open about 1.49% lower following the ex-dividend date.

The dividend yield is estimated at about 5.97% on an annualized basis, making it an attractive proposition for dividend-seeking investors. However, it's worth noting that dividends are inherently unpredictable, and historical patterns can only provide a limited measure of reliability regarding future payments.

Currently, SU shares are trading around $37.94, slightly off by 0.1% for the day. Investors may observe that the stock has a 52-week low of $33.79 and a high of $41.945, indicating volatility in its stock price over the past year. The performance relative to the 200-day moving average could provide further insights into the stock’s overall trend.

Stocks: SU