December 23, 2013
On Suncor Energy
The energy company increased its dividend 54% earlier this year. And during the past three years, Suncor boosted its dividend by more than 96%! Sporting a mere 35% payout ratio, the dividend still holds a lot of growth potential. Suncor is the largest energy company in Canada and the fifth-largest in North America, as well as the leading producer in the Canadian Oil Sands. Strong production growth is expected in the future due to Suncor's access to significant sources of new oil reserves. The company boasts more than three decades of reserves at current production rates. All are likely reasons Warren Buffett's Berkshire Hathaway took a small stake in the energy company earlier this year.