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Suncor Energy (TSX, NYSE: SU)

The quarterly dividend was raised 5%, to $0.57 a share, equivalent to a yield of 4%.

Suncor is one of the leading Canadian integrated oil-and-gas companies, with production from the oil sands in Alberta. It also has extensive overseas operations it acquired when it bought Petro-Canada a decade ago, as well as refineries in the US and Canada and over 1,800 Petro-Canada gas stations in Canada.


Income Investor

Suncor continues to deliver on the operational improvements of the last two years, and remains a Buy for its production growth and efficiency gains, as well as a continued re-rating on its improved performance. - Gavin Graham

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SU was first recommended here on June 12, 2006