(All financial figures are in Canadian dollars.)
CALGARY, April 25 /CNW/ - Suncor Energy Inc.'s Board of Directors has
approved an increase in the company's quarterly dividend to $0.10 per share on
its common shares, from the previous level of $0.08 per share.
"This is an appropriate and balanced increase that provides immediate
rewards to our shareholders, while we pursue our strategy to drive future
rewards," says Ken Alley, senior vice president and chief financial officer.
The dividend is payable June 25, 2007, to shareholders of record at the
close of business on June 4, 2007.
Suncor's Board of Directors has established a policy of paying dividends
on a quarterly basis. Dividend payments are reviewed in light of Suncor's
financial position, its financing requirements for growth, anticipated cash
flow and other factors considered relevant by the Board of Directors.
This news release contains forward-looking statements that address goals,
expectations or projections about the future. These statements are based on
Suncor's current goals, expectations, estimates, projections and assumptions,
as well as its current budgets and plans for capital expenditures. Some of the
forward-looking statements may be identified by the word "pursue" and similar
expressions. These statements are not guarantees of future performance. Actual
results could differ materially, as a result of factors, risks and
uncertainties, known and unknown, to which Suncor's business is subject.
Further discussion of the risks, uncertainties and other factors that could
affect these plans, and any actual results, is included in Suncor's annual
report to shareholders and other documents filed with regulatory authorities.
For further information:
For further information: John Rogers, (403) 269-8670