Return of 9.7% In July, SU bought back roughly 5.7 million shares.That the equivalent of 5.4% on a yearly basis.
coupled that to the actual dividend yield of 4.3%( that could go higher if we see a lower share price).
this equats to a 9.7% return of capital to shareholders.
At the same time, Suncor is are reducing it's debt and investing in high return projects
to lower their cost.
These returns to shareholder are from profits made by Suncor.Contrary to many dividend company
that are paying lofty dividend but not earning them.
Could SU go lower in the short term?Absolutly but i am still a believer that this is a very defensive
play.Especially with the way R.Kruger is managing our assets.