Cenovus Energy Dividends and Buybacks
Dividend criteria checks 3/6
Cenovus Energy is a dividend paying company with a current yield of 3.74% that is well covered by earnings. Next payment date is on 31st December, 2024 with an ex-dividend date of 13th December, 2024.
Key information
3.7%
Dividend yield
4.0%
Buyback Yield
| Total Shareholder Yield | 7.7% |
| Future Dividend Yield | 3.7% |
| Dividend Growth | -5.4% |
| Next dividend pay date | 31 Dec 24 |
| Ex dividend date | 13 Dec 24 |
| Dividend per share | CA$0.815 |
| Payout ratio | 39% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CVE.PRA's dividend payments have been volatile in the past 10 years.
Growing Dividend: CVE.PRA'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.PRA) | 3.7% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Oil and Gas) | 4.5% |
| Analyst forecast (CVE.PRA) (up to 3 years) | 3.7% |
Notable Dividend: CVE.PRA's dividend (3.74%) is higher than the bottom 25% of dividend payers in the Canadian market (1.75%).
High Dividend: CVE.PRA's dividend (3.74%) is low compared to the top 25% of dividend payers in the Canadian market (6.18%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39%), CVE.PRA's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (27.3%), CVE.PRA's dividend payments are well covered by cash flows.