Post by
MigraineCall on Oct 27, 2021 4:59pm
Suncor Q3: Doubling the Dividend
• Subsequent to the third quarter of 2021, Suncor’s Board of Directors (the Board) approved a quarterly dividend of $0.42 per share, which represents an increase of 100% over the prior quarter dividend, reinstating the dividend to the 2019 level. The Board also approved an increase to the company’s share repurchase program to approximately 7% of Suncor’s public float as at January 31, 2021 and concurrently, the Toronto Stock Exchange (TSX) accepted a notice to increase the maximum number of common shares the company may repurchase pursuant to its NCIB to 7% of the company’s public float. The acceleration of share repurchases, dividend increase and expected net debt reductions, compared to the company’s previously announced targets demonstrate the progress made during the year and management’s confidence in the company’s ability to generate cash flow and its commitment to increased shareholder returns.
Q3 Here:
https://sustainability-prd-cdn.suncor.com/-/media/project/suncor/files/investor-centre/quarterly-reports-2021/2021-q3-suncor-energy-quarterly-report-en.pdf?la=en&modified=20210902050442&hash=B11FA52DFA85A7A56C4540CDCBC3E0733DF9F801
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