By Adam L. Cataldo
Sunoco raised its quarterly dividend by 1 cent to about 90 cents from 89 cents.
The energy infrastructure and fuel distribution company said Wednesday its board of directors approved the hike as part of its commitment of returning capital to investors. The increase is equal to $3.59 annually, and represents a dividend yield of 6.1% based on Sunoco's latest closing price of $59.24
The Dallas-based company, which is master limited partnership, will pay the dividend on May 20 common unitholders of record as of May 9.
Write to Adam Cataldo at adam.cataldo@wsj.com.
(END) Dow Jones Newswires
April 23, 2025 18:06 ET (22:06 GMT)
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