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Cenovus Energy (CVE) Dividend Yield, Date & History

Cenovus Energy logo
$14.42 +0.07 (+0.49%)
(As of 12/20/2024 05:40 PM ET)

Cenovus Energy Dividend Summary

Dividend Yield
3.68%
Annual Dividend
$0.53
Next
Dividend Payment
Dec. 31
Annualized 3-Year
Dividend Growth
103.28%
Dividend Payout Ratio
36.55%

Cenovus Energy (CVE) pays an annual dividend of $0.53 per share, with a dividend yield of 3.68%. The next quarterly payment of $0.1330 per share is scheduled for Tuesday, December 31, to investors who owned the stock before the ex-dividend date of Friday, December 13. The company currently pays out 36.55% of its earnings and 16.25% of its cash flow as dividends.

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CVE Dividend Payments by Quarter

The chart below displays up to four years of Cenovus Energy's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

CVE Dividend Yield Over Time

The chart below tracks Cenovus Energy's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Cenovus Energy vs. The Competition

Compare Cenovus Energy's annual dividend, yield, and 3-year growth rate with averages for Energy and NYSE companies to evaluate its performance against the market.

TypeCenovus EnergyEnergy CompaniesNYSE Companies
Annual Dividend$0.53$0.00$1.39
Dividend Yield3.68%11.69%3.60%
Annualized 3-Year Dividend Growth103.28%25.09%15.78%

Cenovus Energy Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings36.55%
Based on This Year's Estimate35.81%
Based on Next Year's Estimate36.05%
Based on Cashflow16.25%

Cenovus Energy Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/31/2024Quarterly$0.1330+$0.0010
0.76%
3.31%12/13/202412/13/202412/31/2024
8/1/2024Quarterly$0.1320-$0.0010
0.75%
2.8%9/13/20249/13/20249/27/2024
5/1/2024Quarterly$0.1330+$0.0349
35.63%
2.62%6/14/20246/14/20246/28/2024
5/2/2024monthly$0.0981-$0.0052
5.07%
1.6%5/16/20245/17/20245/31/2024
2/15/2024quarterly$0.1033+$0.0025
2.48%
1.8%3/14/20243/15/20243/28/2024
11/2/2023quarterly$0.1008-$0.0052
4.91%
1.7%12/14/202312/15/202312/29/2023
7/27/2023Quarterly$0.1060+$0.0020
1.92%
2.29%9/14/20239/15/20239/29/2023
4/26/2023Quarterly$0.1040+$0.0250
31.65%
2.54%6/14/20236/15/20236/30/2023
2/16/2023Quarterly$0.0790+$0.0030
3.95%
1.71%3/14/20233/15/20233/31/2023

This table shows Cenovus Energy's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Cenovus Energy Dividend - Frequently Asked Questions

The current dividend yield for Cenovus Energy is 3.68%. Learn more on CVE's dividend yield history.

The annual dividend for CVE shares is $0.53. Learn more on CVE's annual dividend history.

Cenovus Energy pays quarterly dividends to shareholders.

Cenovus Energy's next quarterly dividend payment of $0.1330 per share will be made to shareholders on Tuesday, December 31, 2024.

Cenovus Energy's most recent quarterly dividend payment of $0.1320 per share was made to shareholders on Friday, September 27, 2024.

Cenovus Energy's most recent ex-dividend date was Friday, December 13, 2024.

Over the past three years, the company's dividend has grown by an average of 103.28% per year.

The most recent change in the company's dividend was an increase of $0.0010 on Thursday, October 31, 2024.

The dividend payout ratio for CVE is:
  • 36.55% based on the trailing year of earnings
  • 35.81% based on this year's estimates
  • 36.05% based on next year's estimates
  • 16.25% based on cash flow

Cenovus Energy's dividend yield of 3.71% is lower than the average Oils/Energy company that issues a dividend. Cenovus Energy's dividend payout ratio of 36.55% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Cenovus Energy stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NYSE:CVE) was last updated on 12/21/2024 by MarketBeat.com Staff
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