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EBRGF - With A 4.6% Yield Suncor Is A Rare Triple Threat
Enbridge Inc Cum Red Pref Shs Ser B
Investment Thesis
In 2019, Suncor Energy Inc. (SU) generated a record CAD $10.8B in free cash flow and returned 45% of that to shareholders through dividends and share buybacks. Despite WTI pricing dropping 12% in 2019, Suncor increased its dividend by 11% in February and increased its share buy back program for 2020 by CAD $2B. Suncor's forward dividend yield is now 4.63%; which is a 46% premium over the firm's 5-year average dividend yield of 3.16%. This steadfast commitment of returning capital to shareholders has been enabled by Suncor's resilient integrated business