CALGARY - Suncor (TSX:SU) Energy (NYSE:SU), the Canadian integrated energy giant, has announced a 5% increase in its quarterly dividend, signaling confidence in its operational performance and ongoing commitment to enhancing shareholder returns. The company, under the leadership of President and CEO Rich Kruger, declared the increased dividend of $0.545 per share will be accessible to registered shareholders as of December 1, 2023, with the payment due on December 22, 2023.
The announcement reflects Suncor's robust financial health and its ability to generate value for investors even as it pursues a strategy geared towards a low-emissions future. Known for operating Petro-Canada™ retail and wholesale distribution networks and Canada's Electric Highway™, Suncor is also active in energy trading and renewable fuels investments.
Listed on both the Toronto Stock Exchange and the New York Stock Exchange under the ticker symbol SU, Suncor has consistently been recognized for its efforts in sustainability and transparent reporting, earning spots on various sustainability indices. This dividend increase is seen as a testament to the company’s dedication to maintaining strong corporate governance and financial discipline while navigating the energy sector's evolving landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.