Ex-Dividend Date: Sept 2Reminder that the Suncor quarterly ex dividend date is tomorrow Sept 2, for those owning shares at the end of the day.
Too late to buy more today, as it goes by settlement date not purchase date. Yesterday was the cutoff for a buy.
Current payout is $0.21 this quarter, paid on Sept 24, now yielding 3.59% annually.
Looking forward to the day divided increases are announced with the massive FCF generated now after some debt paydown and share buybacks, especially at these low share prices.
I do not think Management is as blind or deaf to the calls of the shareholders, regulators, and the market as some would believe.
Decarbonizing the oilsands is coming, as well as other green energy initiatives. However once these things are announced, it may be too late for investors to board, and many will be running after the plane on the tarmac or hanging on to the landing gear losing their 'Sandal in the Wind'.