Bullboard - Stock Discussion Forum Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks... see more

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TSX:SU - Post Discussion

Suncor Energy Inc > New Dividend Rate, 5.25%

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Post by MigraineCall on Oct 28, 2021 4:35pm

New Dividend Rate, 5.25%

AngelNicky:

I hate to be the bearer of bad news, but today's massive 13% rise in share price has just lowered your rate of Suncor's newly doubled $1.68/yr dividend from a whopping 5.95% yesterday, to a mere 5.25% today.

Even worse, it is bound to drop much lower as the stock price climbs higher and higher with the share buybacks and increased free cash flows in the next quarters.

Please address your complaint to the bad management during the meeting.

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Comment by bigbear4511 on Oct 28, 2021 4:45pm

AngelNicky is such a downer. But my kids resp got in at $16.9. getting a nice 10% dividend now. :)

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Comment by w8asec on Oct 28, 2021 5:16pm

You must be dumber than a sac of hammers

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Comment by Oasisjunior on Oct 28, 2021 5:20pm

Don't know where you are getting these %'s from..... My Suncor investment is only paying 3.80 % as per Scotia iTrade......????? 5.95% ??????

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Comment by Co2Harvest on Oct 28, 2021 6:12pm

$0.42 per quarter divy, x 4 quarters gets you $1.68 per year, divide by today's close SP $32 pet share gets you 5.25% yield.

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Comment by Power1 on Oct 28, 2021 6:45pm

Agree with the calculation based on current stock price. My dividend yield on SU shares is now 7.6% based on average share cost of $21.94. Way better than any income based investment like HISA of GIC and I'll be banking the dividends for future investment in other opportunities :). I'm not turning my nose at the share price appreciation either. Woohoo. ...more

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Comment by Oasisjunior on Oct 28, 2021 8:39pm

My buy in is at 21.58

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Comment by rad10 on Oct 28, 2021 5:47pm

Please tell me this is sarcasm...... stock market isn't for everyone. I just can't tell anymore. I spent too long reading whacky posting from MJ small cap guru wannabes......

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Comment by MigraineCall on Oct 29, 2021 4:24am

Of course it is. This was a message for angelnicky, who is focused entirely on dividend rates and blaming bad management, that I could not resist sending after today's 13% upward move in share price. If you have read my past posts, I have been drawing attention to the discrepancy in Suncor's low price in the face of it's longer term rebound potential. The extreme low share prices we ...more

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