Cenovus Energy Dividends and Buybacks

Dividend criteria checks 3/6

Cenovus Energy is a dividend paying company with a current yield of 3.84% 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

3.8%

Dividend yield

4.1%

Buyback Yield

Total Shareholder Yield8.0%
Future Dividend Yield3.8%
Dividend Growth-5.3%
Next dividend pay date31 Dec 24
Ex dividend date13 Dec 24
Dividend per shareCA$0.815
Payout ratio39%

Recent dividend and buyback updates

Recent updates

Upcoming Dividend Payment

TodayDec 07 2024Ex Dividend DateDec 13 2024Dividend Pay DateDec 31 202418 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

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
How does CVE.PRA dividend yield compare to the market?
SegmentDividend Yield
Company (CVE.PRA)3.8%
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)3.8%

Notable Dividend: CVE.PRA's dividend (3.84%) is higher than the bottom 25% of dividend payers in the Canadian market (1.76%).

High Dividend: CVE.PRA's dividend (3.84%) is low compared to the top 25% of dividend payers in the Canadian market (6.17%).


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.


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