OREANDA-NEWS. Suncor Energy's Board of Directors has approved an increase in the company's quarterly dividend to CAD 0.23 per share on its common shares, from the previous level of CAD 0.20 per share.

The dividend is payable March 25, 2014 to shareholders of record at the close of business on March 4, 2014.

Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. While working to responsibly develop petroleum resources, Suncor is also developing a growing renewable energy portfolio. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.