Sunoco Declares Quarterly Dividend of 30.0 Cents Per Share on Common Stock
Sunoco, Inc. (NYSE:SUN) today declared a cash dividend for the fourth quarter of 2008 of 30.0 cents per share on all full shares of common stock outstanding, payable December 10, 2008 to shareholders of record at the close of business on November 10, 2008. The dividend on Sunoco common stock is unchanged from the previous quarter.
Sunoco, Inc., headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 910,000 barrels per day of refining capacity, approximately 4,700 retail sites selling gasoline and convenience items, approximately 5,500 miles of crude oil and refined product owned and operated pipelines and 38 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a significant manufacturer of petrochemicals with annual sales of approximately five billion pounds, largely chemical intermediates used to make fibers, plastics, film and resins. Using a unique, patented technology, Sunoco’s cokemaking facilities in the United States have the capacity to manufacture approximately 3.0 million tons annually of high-quality metallurgical-grade coke for use in the steel industry. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year cokemaking facility in Vitoria, Brazil.