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Cenovus Energy (CVE) Dividend Yield, Date & History

Cenovus Energy logo
C$20.71 +0.05 (+0.24%)
(As of 12/20/2024 05:17 PM ET)

Cenovus Energy Dividend Summary

Dividend Yield
3.48%
Annual Dividend
C$0.72
Next
Dividend Payment
Dec. 31
Dividend Payout Ratio
28.69%

Cenovus Energy (CVE) pays an annual dividend of C$0.72 per share, with a dividend yield of 3.48%. The next payment of C$0.18 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 28.69% of its earnings and 47.65% 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 TSE companies to evaluate its performance against the market.

TypeCenovus EnergyEnergy CompaniesTSE Companies
Annual DividendC$0.72C$0.10C$1.07
Dividend Yield3.48%7.15%5.78%

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 Earnings28.69%
Based on This Year's Estimate31.83%
Based on Cashflow47.65%

Cenovus Energy Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/13/2024Quarterly$0.18 - 3.22%12/13/202412/31/202412/31/2024
9/13/2024Quarterly$0.18 - 2.75%9/13/20249/27/20249/27/2024
6/14/2024Quarterly$0.18 - 2.53%6/14/20246/28/20246/28/2024
5/1/2024Quarterly$0.18+$0.04
28.57%
2.57%5/16/20245/17/20245/31/2024
3/14/2024Quarterly$0.14 - 2.38%3/14/20243/28/20243/28/2024
12/14/2023Quarterly$0.14 - 2.14%12/14/202312/29/202312/29/2023
9/14/2023Quarterly$0.14 - 2.29%9/14/20239/29/20239/29/2023
6/14/2023Quarterly$0.14+$0.0350
33.33%
2.51%6/14/20236/30/20236/30/2023
3/14/2023Quarterly$0.1050 - 1.69%3/14/20233/31/20233/31/2023

This table shows Cenovus Energy's dividend 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 3.48%. Learn more on CVE's dividend yield history.

The annual dividend for CVE shares is C$0.72. Learn more on CVE's annual dividend history.

Cenovus Energy pays quarterly dividends to shareholders.

Cenovus Energy's next quarterly dividend payment of C$0.18 per share will be made to shareholders on Tuesday, December 31, 2024.

Cenovus Energy's most recent quarterly dividend payment of C$0.18 per share was made to shareholders on Friday, September 27, 2024.

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

The most recent change in the company's dividend was an increase of C$0.04 on Wednesday, May 1, 2024.

The dividend payout ratio for CVE is:
  • 28.69% based on the trailing year of earnings
  • 31.83% based on this year's estimates
  • 47.65% based on cash flow

Cenovus Energy's dividend yield of 3.10% is lower than the average Energy company that issues a dividend. Cenovus Energy's dividend payout ratio of 28.69% 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 Buy, with forecasts suggesting positive growth potential despite some reservations.


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