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Suncor Energy Increases Dividend

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Suncor Energy (TSX: SU) (NYSE: SU) has announced a quarterly dividend increase of approximately 5% to $0.57 per common share. The dividend will be paid on December 24, 2024 to shareholders of record as of December 3, 2024. CEO Rich Kruger attributed this increase to sustained operational improvements, enhanced free funds flow, and successful share buybacks. The company highlighted its commitment to increasing shareholder returns through this dividend boost, supported by improving operating performance and a stronger financial position.

Suncor Energy (TSX: SU) (NYSE: SU) ha annunciato un aumento del dividendo trimestrale di circa il 5% a $0.57 per azione ordinaria. Il dividendo sarà pagato il 24 dicembre 2024 agli azionisti registrati al 3 dicembre 2024. Il CEO Rich Kruger ha attribuito questo aumento a miglioramenti operativi sostenuti, a un flusso di fondi libero potenziato e a un riuscito programma di riacquisto di azioni. L'azienda ha sottolineato il suo impegno ad aumentare i ritorni per gli azionisti attraverso questo incremento del dividendo, sostenuto da una performance operativa in miglioramento e da una posizione finanziaria più solida.

Suncor Energy (TSX: SU) (NYSE: SU) ha anunciado un aumento del dividendo trimestral de aproximadamente el 5% a $0.57 por acción ordinaria. El dividendo se pagará el 24 de diciembre de 2024 a los accionistas registrados hasta el 3 de diciembre de 2024. El CEO Rich Kruger atribuyó este aumento a mejoras operativas sostenidas, un flujo de fondos libre mejorado y exitosas recompras de acciones. La empresa destacó su compromiso de aumentar el retorno a los accionistas a través de este aumento en el dividendo, respaldado por una mejora en el rendimiento operativo y una posición financiera más fuerte.

선코어 에너지 (TSX: SU) (NYSE: SU)는 분기 배당금을 약 5% 인상하여 $0.57 주당으로 결정했다고 발표했습니다. 배당금은 2024년 12월 24일2024년 12월 3일 기준 주주에게 지급될 예정입니다. CEO 리치 크루거는 이번 인상을 지속적인 운영 개선, 강화된 자유 자금 흐름, 성공적인 자사주 매입에 기인한다고 밝혔습니다. 회사는 운영 성과 개선과 강력한 재무 상태에 힘입어 이번 배당 인상을 통해 주주 수익을 증가시킬 것이라는 약속을 강조했습니다.

Suncor Energy (TSX: SU) (NYSE: SU) a annoncé une augmentation de son dividende trimestriel d’environ 5%, passant à $0.57 par action ordinaire. Le dividende sera versé le 24 décembre 2024 aux actionnaires enregistrés au 3 décembre 2024. Le PDG Rich Kruger a attribué cette hausse à des améliorations opérationnelles soutenues, à un flux de fonds libre renforcé et à des rachats d'actions réussis. L'entreprise a souligné son engagement à accroître les rendements des actionnaires grâce à cette augmentation de dividende, soutenue par une amélioration des performances opérationnelles et une position financière plus solide.

Suncor Energy (TSX: SU) (NYSE: SU) hat eine Erhöhung der vierteljährlichen Dividende um etwa 5% auf $0.57 pro Stammaktie angekündigt. Die Dividende wird am 24. Dezember 2024 an die am 3. Dezember 2024 registrierten Aktionäre ausgezahlt. CEO Rich Kruger führte diese Erhöhung auf nachhaltige betriebliche Verbesserungen, verbesserte freie Mittelzuflüsse und erfolgreiche Aktienrückkäufe zurück. Das Unternehmen hob sein Engagement hervor, die Rendite für die Aktionäre durch diese Dividendensteigerung zu erhöhen, unterstützt von einer verbesserten operativen Leistung und einer stärkeren finanziellen Position.

Positive
  • 5% increase in quarterly dividend to $0.57 per share
  • Improved free funds flow performance
  • Successful share buyback program execution
  • Strengthening financial position
Negative
  • None.

All financial figures are in Canadian dollars.

Calgary, Alberta--(Newsfile Corp. - November 12, 2024) - Suncor Energy's (TSX: SU) (NYSE: SU) Board of Directors has approved a quarterly dividend of $0.57 per common share, representing an approximate increase of 5% over the prior quarterly dividend.

"Sustained operational improvements across our asset base, the continued realization of free funds flow improvements as well as meaningful share buybacks have driven stronger free funds flow per share," said Rich Kruger, Suncor President and Chief Executive Officer. "The Board of Directors' confidence in improving operating performance and the strengthening of our financial position supports increasing the quarterly dividend as part of our commitment to increasing shareholder returns."

The dividend will be payable December 24, 2024 to shareholders of record at the close of business on December 3, 2024.

Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the U.S.; and the company's Petro-CanadaTM retail and wholesale distribution networks (including Canada's Electric HighwayTM, a coast-to-coast network of fast-charging EV stations). Suncor is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. Suncor also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

For more information about Suncor, visit our website at suncor.com.

Media inquiries:
(833) 296-4570
media@suncor.com

Investor inquiries:
invest@suncor.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229673

FAQ

What is Suncor Energy's new dividend amount for Q4 2024?

Suncor Energy's new quarterly dividend is $0.57 per common share, representing a 5% increase from the previous quarter.

When will Suncor (SU) pay its next dividend?

Suncor will pay its dividend on December 24, 2024, to shareholders of record as of December 3, 2024.

Why did Suncor Energy increase its dividend in 2024?

Suncor increased its dividend due to sustained operational improvements, enhanced free funds flow, successful share buybacks, and a strengthening financial position.

What is the dividend record date for Suncor's (SU) Q4 2024 dividend?

The record date for Suncor's Q4 2024 dividend is December 3, 2024.

Suncor Energy, Inc.

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