Suncor is a Canadian-based global energy company. It is a major player in the oil sands but also owns overseas assets acquired some years ago when it merged with Petro-Canada, as well as downstream assets. It also has a wind generation portfolio and owns the largest biofuels plant in the country.
Wealth Builder
Sorry, you do not have access to this content.Income Investor
Sorry, you do not have access to this content.Suncor raised its dividend 11.9%, to $0.47 quarterly, the highest in its history, equivalent to a yield of 4.5%. This came only two years after slashing it by more than half during the COVID collapse in oil prices. The company repurchased $1 billion worth of stock between February and May. - Gavin Graham
Current Advice
Buy
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Capital Gain/Loss
13.4%