By the close of today, August 21, 2023, Sunoco SUN will issue a dividend payout of $0.84 per share, resulting in an annualized dividend yield of 7.50%. Only those investors who owned the stock prior to the ex-dividend date on August 11, 2023 will receive this payout.
Sunoco Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2021-02-05 | 4 | $0.83 | 10.89% | 2021-01-28 | 2021-02-08 | 2021-02-19 |
| 2020-11-05 | 4 | $0.83 | 13.09% | 2020-10-26 | 2020-11-06 | 2020-11-19 |
When it comes to dividend yield, Sunoco stands tall above its industry peers, boasting a remarkable annualized dividend yield of 5.68%.
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
Investors witnessed a steady dividend per share of $3.30 from 2019 to 2022, indicating the company's commitment to providing stability to shareholders through a reliable dividend payout. This consistent dividend policy offers a dependable income source for investors.
YoY Earnings Growth For Sunoco
From 2019 to 2022, Sunoco has demonstrated an upward trend in earnings, with earnings per share rising from $2.83 to $5.22. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
In this article, we delve into Sunoco's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.84 per share today, resulting in an annualized dividend yield of 7.50%.
When it comes to dividend yield, Sunoco stands tall above its industry peers, boasting a remarkable annualized dividend yield of 5.68%.
Despite no adjustment in the dividend per share over the period of 2019 to 2022, the consistent growth in earnings per share for Sunoco indicates a sound financial status, which could enable the company to continue sharing profits with its investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[Track real-time stock fluctuations for Sunoco on Benzinga.](https://www.benzinga.com/quote/Sunoco (NYSE: SUN))
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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