Subsequent to the quarter, Suncor’s Board of Administrators (the Board) accepted a quarterly dividend of $0.47 per share, which represents a rise of 12% over the prior quarter dividend and the very best quarterly dividend per share within the firm’s historical past.
Additionally, the Board and the Toronto Inventory Change accepted a rise to the corporate’s regular course issuer bid program to extend the utmost variety of widespread shares the corporate could repurchase to as much as roughly 10% of Suncor’s public float as at January 31, 2022.