Looking at the universe of stocks we cover at Dividend Channel, on 6/3/20, Suncor Energy Inc (Symbol: SU) will trade ex-dividend, for its quarterly dividend of $0.21, payable on 6/25/20. As a percentage of SU's recent stock price of $16.98, this dividend works out to approximately 1.24%, so look for shares of Suncor Energy Inc to trade 1.24% lower — all else being equal — when SU shares open for trading on 6/3/20.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SU is likely to continue, and whether the current estimated yield of 4.95% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SU shares, versus its 200 day moving average:
Looking at the chart above, SU's low point in its 52 week range is $9.605 per share, with $34.56 as the 52 week high point — that compares with a last trade of $17.01.
In Monday trading, Suncor Energy Inc shares are currently off about 0.8% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
