Today, February 20, 2024, marks an important moment for investors of Sunoco SUN. The company will distribute a dividend payout of $0.84 per share, demonstrating an annualized dividend yield of 6.14%. Remember, only shareholders prior to the ex-dividend date on February 06, 2024 are eligible for this payout.
Sunoco Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-06 | 4 | $0.84 | 6.14% | 2024-01-25 | 2024-02-07 | 2024-02-20 |
| 2023-10-27 | 4 | $0.84 | 6.61% | 2023-10-20 | 2023-10-30 | 2023-11-20 |
| 2023-08-11 | 4 | $0.84 | 7.5% | 2023-07-25 | 2023-08-14 | 2023-08-21 |
| 2023-05-05 | 4 | $0.84 | 7.48% | 2023-04-26 | 2023-05-08 | 2023-05-22 |
| 2023-02-06 | 4 | $0.83 | 7.24% | 2023-01-25 | 2023-02-07 | 2023-02-21 |
| 2022-11-03 | 4 | $0.83 | 7.98% | 2022-10-25 | 2022-11-04 | 2022-11-18 |
| 2022-08-05 | 4 | $0.83 | 8.45% | 2022-07-26 | 2022-08-08 | 2022-08-19 |
| 2022-05-06 | 4 | $0.83 | 7.92% | 2022-04-26 | 2022-05-09 | 2022-05-19 |
| 2022-02-07 | 4 | $0.83 | 7.69% | 2022-01-26 | 2022-02-08 | 2022-02-18 |
| 2021-11-04 | 4 | $0.83 | 7.91% | 2021-10-25 | 2021-11-05 | 2021-11-19 |
| 2021-08-05 | 4 | $0.83 | 9.09% | 2021-07-22 | 2021-08-06 | 2021-08-19 |
| 2021-05-10 | 4 | $0.83 | 10.18% | 2021-04-02 | 2021-05-11 | 2021-05-19 |
Sunoco is the leader in terms of dividend yield compared to its industry peers, with CVR Energy CVI having the highest annualized dividend yield at 5.71%.
Analyzing Sunoco Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $3.30 in 2020 to $3.35 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Sunoco
Investors can observe a growth in earnings for Sunoco from 2020 to 2023, as earnings per share increased from $0.78 to $5.56. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
In this article, we explore the recent dividend payout of Sunoco and its significance for shareholders. The company has decided to distribute a dividend of $0.84 per share today, which equates to an annualized dividend yield of 6.14%.
Sunoco is the leader in terms of dividend yield compared to its industry peers, with CVR Energy having the highest annualized dividend yield at 5.71%.
The upward trend in dividend per share and earnings per share for Sunoco from 2020 to 2023 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Sunoco's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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