TSX:CVE

Cenovus Energy Inc. Stock Dividends

Toronto Stock Exchange > Energy > Oil & Gas Integrated

$28.03

-0.140 (-0.497%)

At Close: May 03, 2024

Cenovus Energy Inc. Stock Dividends Overview

CVE.TO pays dividends quarterly. Last paid amount was $0.140 at Mar 28, 2024. As of today, dividend yield (TTM) is 2.27%.

Dividend Yield Range

The Dividend Yield Range is the range of values in which a stock’s dividend yield has fluctuated within a specified period, often a year. It represents the variation between the highest and lowest dividend yields observed during that time frame.

AI Analysis of CVE.TO

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Dividend Analysis

Key Stats

Dividend Yield (TTM)	2.27%
Frequency	Quarterly
1Y Growth	0%
Payout Ratio	0
Amount Per Share	$0.140
Cenovus Energy Inc. has not yet announced its next dividend date. Last payment date was: Mar 28, 2024.

CVE Dividend Payout History

To ensure a understanding of CVE's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.

#	Declaration Date	Ex-Date	Pay Date	Amount	Yield
1	Feb 15, 2024	Mar 14, 2024	Mar 28, 2024	$0.140	0.517%
2	Nov 02, 2023	Dec 14, 2023	Dec 29, 2023	$0.140	0.634%
3	Jul 27, 2023	Sep 14, 2023	Sep 29, 2023	$0.140	0.495%
4	Jun 14, 2023	Jun 14, 2023	Jun 30, 2023	$0.140	0.622%
5	Mar 14, 2023	Mar 14, 2023	Mar 31, 2023	$0.105	0.445%
6	Dec 14, 2022	Dec 14, 2022	Dec 30, 2022	$0.105	0.400%
7	Nov 01, 2022	Nov 17, 2022	Dec 02, 2022	$0.114	0.425%
8	Jul 27, 2022	Sep 14, 2022	Sep 29, 2022	$0.105	0.492%
9	Apr 27, 2022	Jun 14, 2022	Jun 30, 2022	$0.105	0.429%
10	Feb 08, 2022	Mar 14, 2022	Mar 31, 2022	$0.0350	0.168%

Dividend Sustainability

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Sustainability score

Low (48.26%)

Growth potential

Decrease likely (30.66%)

CVE Dividend Calculator

Dividend Calculator is designed to forecast the potential returns from CVE dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in CVE stock here.

Comparing CVE to Sector and Country

CVE.TO pays a solid dividend yield of 2.27%, which is higher than the average of the bottom 25% of dividend payers in the CA market (1.52%). CVE.TO’s dividend yield is lower than the average of the top 25% of dividend payers in the Energy sector in the CA market (8.97%), which means that there are more attractive dividend stocks to consider.

FAQ

What factors can affect the amount of CVE.TO's dividend payments?

The amount of CVE.TO's dividends can fluctuate based on several factors, including the company's financial performance, earnings, cash flow, capital requirements, and overall market conditions. Changes in CVE.TO sector's trends, interest rate shifts, and the company's operational adjustments can also influence dividend decisions.

Can dividends from CVE.TO stock be automatically reinvested?

If CVE.TO offers a Dividend Reinvestment Plan (DRIP), shareholders may have the option to automatically reinvest dividends to purchase additional shares. Please check with your brokerage for the availability and details of such a plan. Here's an easy guide on how to buy CVE.TO stock.

How often does CVE.TO pay dividend?

Cenovus Energy Inc. (CVE.TO) pays dividends quarterly. The most recent payout was on Mar 28, 2024.

How much does CVE.TO pays per share?

The last recorder (Mar 14, 2024) dividend per share was $0.140.

What is CVE.TO dividend growth rate?

Over the last year, Cenovus Energy Inc. has witnessed growth rate of 0% . Looking back over the past 3 years, this growth rate has been 98.13%. Furthermore, examining the past 5 years, Cenovus Energy Inc. has maintained an average Dividends Per Share Growth Rate of 22.87%.

About Cenovus Energy Inc.

Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segments Foster Cree... CVE.TO Profile

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