Sunoco LP (SUN) to Issue Quarterly Dividend of $1.00 on August 19th

Sunoco LP (NYSE:SUNGet Free Report) declared a quarterly dividend on Monday, July 27th. Investors of record on Friday, August 7th will be given a dividend of 1.0023 per share by the oil and gas company on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, August 7th. This is a 1.3% increase from Sunoco’s previous quarterly dividend of $0.99.

Sunoco has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Sunoco has a payout ratio of 70.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sunoco to earn $8.86 per share next year, which means the company should continue to be able to cover its $3.96 annual dividend with an expected future payout ratio of 44.7%.

Sunoco Stock Up 2.7%

Shares of Sunoco stock opened at $76.55 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 2.03. The firm has a market cap of $15.68 billion, a P/E ratio of 19.58 and a beta of 0.42. Sunoco has a fifty-two week low of $47.98 and a fifty-two week high of $77.03. The business has a 50-day moving average price of $68.32 and a 200 day moving average price of $64.96.

Sunoco (NYSE:SUNGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $1.14. The firm had revenue of $10.69 billion for the quarter, compared to analysts’ expectations of $10.19 billion. Sunoco had a return on equity of 17.52% and a net margin of 3.07%.Sunoco’s revenue for the quarter was up 106.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 earnings per share. On average, sell-side analysts forecast that Sunoco will post 7.73 earnings per share for the current fiscal year.

About Sunoco

(Get Free Report)

Sunoco LP (NYSE: SUN) is an independent master limited partnership that specializes in the distribution and marketing of transportation fuels and related products. The company operates through two primary segments: wholesale fuel distribution and retail marketing. In wholesale distribution, Sunoco supplies branded fuels to distributors, commercial customers and resellers across the United States. Its retail marketing arm operates a network of company‐owned and franchised Sunoco branded service stations and convenience stores, providing gasoline, diesel, ethanol blends and lubricants to consumers.

Sunoco’s product portfolio extends beyond traditional fuels to include biofuels, specialty chemicals and on‐road diesel treated to meet ultra‐low sulfur requirements.

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Dividend History for Sunoco (NYSE:SUN)

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