Suncor Energy Inc T.SU

With a yield

[CrashonTrees]

Almost at 5% why would they increase the div ? Isn't it better for them to buy back their cheap shares ?

[Tommy123]

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[angelnicky]

interest of shareholders is reason to increase shareholder value, not buybacks need div

[NPCexe]

Wrong. We need more buybacks. Cut the dividend to .21 just to piss off nicky here lol. No but seriously, they save a ton of $$$ not having to pay dividends to the shares they repurchase... 8-10 mil per quarter. So 32-40 mil saved per year. That's great stuff, keep buying them shares!

[alvarez2]

Yeah sure.............cut the dividend and watch it plunge.

[alvarez2]

They are still being punished for the mistrust it caused from the last time they cut it. No point in owning this heavy weight without it.

[Form001]

No dividend and the actual price is not 38.00 but 76.00.

[alvarez2]

There's many retirees than hold this.....................No dividend, stock gets major haircut.

[Form001]

You just have to sell some shares at high price, for now they have a big return of 4.33% plus higher price of the shares, in 6 months, 23.00 to 37.00CDN, not bad and 50.00 in the coming months, what's the problem?

[mrbb]

current 5.5% yield is quite good, anymore dividend would get out of line from other majors,unless SU want to become like income trust that's paying out too much, crash and burn. Share price get killed even harder if promised dividend can't be kept. We don't want SU to hedge oil production but we want SU to lock in a dividend for shareholder?  Retirees can always go back to GIC if

[w8asec]

mrbb, I'm guessing your ACB for SU is around $30.50 for you to think that 5.5% is the current dividend yield... It's currently just under 4.53% - nice gain for you though. Perhaps, it's a good time to average up.

[mrbb]

No, i got the quote from investing.com.  I shoulda had double check the yield before i included in in my post.  Suncor Energy Inc Toronto Stock Price Today | SU Live Ticker - Investing.com

[alvarez2]

The yield changes with the SP..........just divide the current Sp for that day or the price you paid for the stock into $0.00 that they're paying out per share......that's your % yield.

[mrbb]

perfect window to buy back shares, with dividend cut money  

[Clemxb7]

Long term share BuyBacks are better for the company and the shareholder. It increases profits per share it just takes more time. Once the share is bought back it's a permanent improvement to the company. Dividends are out the door never to return. What they could do though is the 8 to 10 million they saved on dividends this quarter by reducing the share count they could put that towards a