Sunoco LP (NYSE:SUN - Get Free Report) declared a quarterly dividend on Monday, July 27th. Shareholders 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) annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, August 7th. This is a 1.3% increase from Sunoco's previous quarterly dividend of $0.99.

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Sunoco has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. Sunoco has a dividend payout ratio of 70.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sunoco to earn $8.82 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 44.9%.

Sunoco Stock Performance

NYSE SUN opened at $74.33 on Tuesday. The company has a fifty day moving average of $68.24 and a two-hundred day moving average of $64.80. The company has a market capitalization of $15.22 billion, a PE ratio of 19.01 and a beta of 0.42. Sunoco has a 1 year low of $47.98 and a 1 year high of $77.03. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.40 and a quick ratio of 0.92.

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Sunoco (NYSE:SUN - Get Free Report) last announced its earnings results on Tuesday, May 5th. The oil and gas company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $1.14. Sunoco had a return on equity of 17.52% and a net margin of 3.07%.The firm had revenue of $10.69 billion during the quarter, compared to analysts' expectations of $10.19 billion. During the same period in the prior year, the firm earned $1.21 EPS. The business's revenue was up 106.4% on a year-over-year basis. As a group, analysts expect that Sunoco will post 7.92 earnings per share for the current year.

Sunoco Company Profile

(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.

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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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