Cenovus Energy Dividend
Dividend criteria checks 3/6
Cenovus Energy is a dividend paying company with a current yield of 1.85% that is well covered by earnings. Next payment date is on 28th June, 2024 with an ex-dividend date of 14th June, 2024.
Key information
1.8%
Dividend yield
23%
Payout ratio
| Industry average yield | 4.7% |
| Next dividend pay date | 28 Jun 24 |
| Ex dividend date | 14 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | CA$2.48 |
| Dividend yield forecast in 3Y | 3.6% |
Recent dividend updates
Recent updates
Is Cenovus Energy (TSE:CVE) Using Too Much Debt?
Apr 14
Is Cenovus Energy Inc. (TSE:CVE) Trading At A 50% Discount?
Mar 05Take Care Before Diving Into The Deep End On Cenovus Energy Inc. (TSE:CVE)
Jan 26Here's Why Cenovus Energy (TSE:CVE) Can Manage Its Debt Responsibly
Jan 05Are Investors Undervaluing Cenovus Energy Inc. (TSE:CVE) By 35%?
Nov 06These 4 Measures Indicate That Cenovus Energy (TSE:CVE) Is Using Debt Reasonably Well
Sep 30Here's Why Cenovus Energy (TSE:CVE) Has Caught The Eye Of Investors
May 01A Look At The Intrinsic Value Of Cenovus Energy Inc. (TSE:CVE)
Mar 16Cenovus Energy (TSE:CVE) Seems To Use Debt Rather Sparingly
Feb 13Cenovus Energy (TSE:CVE) Has A Pretty Healthy Balance Sheet
Oct 11Does Cenovus Energy (TSE:CVE) Deserve A Spot On Your Watchlist?
Aug 19Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CVE's dividend payments have been volatile in the past 10 years.
Growing Dividend: CVE's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Cenovus Energy Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CVE) | 1.8% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.4% |
| Industry Average (Oil and Gas) | 4.7% |
| Analyst forecast in 3 Years (CVE) | 3.6% |
Notable Dividend: CVE's dividend (1.85%) is higher than the bottom 25% of dividend payers in the Canadian market (1.84%).
High Dividend: CVE's dividend (1.85%) is low compared to the top 25% of dividend payers in the Canadian market (6.39%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (22.9%), CVE's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (18.2%), CVE's dividend payments are well covered by cash flows.