Sunoco LP Announces Increased Quarterly Dividend
Sunoco LP (SUN) has declared a quarterly dividend of $1.0023 per share, representing a 1.3% increase from the previous payout of $0.9899. The forward yield is now at 5.38%. Shareholders will receive this payment on August 19 for those registered as of August 7, with an ex-dividend date also set for August 7. The company has signaled continued distribution growth and plans to achieve a multiyear increase of at least 5%, while targeting $500 million in bolt-on acquisitions by the end of 2026. This move aligns with Sunoco's broader strategy, which includes strengthening its market position through strategic investments.
Tickers: $SUN
Topics: dividends energy sector