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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (81398)	5/6/2020 7:54:21 AM
From: Goose94	Read Replies (1) of 202704

Suncor Energy (SU-T) slashes dividend 55% Suncor Energy is taking a hatchet to its dividend as part of a strategy for shielding its balance sheet from the effects of weak oil prices and COVID-19 fallout. The quarterly dividend is being reduced approximately 55 per cent to 21 cents per share; Suncor also said it’s suspending buybacks and shaving another $400 million from its capital spending budget. Is that enough to help it manage turmoil that sent the Canadian energy giant to a $3.5-billion loss in the first quarter? Jon Erlichman will address that with Canoe Financial’s Rafi Tahmazian at 1000ET BNN.ca

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