Ovintiv Dividend
Dividend criteria checks 3/6
Ovintiv is a dividend paying company with a current yield of 2.48% that is well covered by earnings. Next payment date is on 28th June, 2024 with an ex-dividend date of 14th June, 2024.
Key information
2.3%
Dividend yield
17%
Payout ratio
Industry average yield | 4.7% |
Next dividend pay date | 28 Jun 24 |
Ex dividend date | 14 Jun 24 |
Dividend per share | n/a |
Earnings per share | CA$7.25 |
Dividend yield forecast in 3Y | 2.5% |
Recent dividend updates
Recent updates
Estimating The Intrinsic Value Of Ovintiv Inc. (TSE:OVV)
Feb 20Ovintiv Inc. (TSE:OVV) Shares Could Be 28% Below Their Intrinsic Value Estimate
Nov 08Here's Why Ovintiv (TSE:OVV) Can Manage Its Debt Responsibly
Aug 03An Intrinsic Calculation For Ovintiv Inc. (TSE:OVV) Suggests It's 45% Undervalued
Jul 19Here's Why We Think Ovintiv (TSE:OVV) Might Deserve Your Attention Today
Jul 05Ovintiv (TSE:OVV) Has A Pretty Healthy Balance Sheet
Apr 22Ovintiv Inc. (TSE:OVV) Shares Could Be 39% Below Their Intrinsic Value Estimate
Apr 06Here's Why Ovintiv (TSE:OVV) Has Caught The Eye Of Investors
Mar 01A Look At The Intrinsic Value Of Ovintiv Inc. (TSE:OVV)
Jan 03Here's Why Ovintiv (TSE:OVV) Can Manage Its Debt Responsibly
Dec 12Ovintiv Inc. (TSE:OVV) Shares Could Be 43% Below Their Intrinsic Value Estimate
Sep 19Does Ovintiv (TSE:OVV) Have A Healthy Balance Sheet?
Aug 29Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: OVV's dividend payments have been volatile in the past 10 years.
Growing Dividend: OVV's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
Ovintiv Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (OVV) | 2.3% |
Market Bottom 25% (CA) | 1.8% |
Market Top 25% (CA) | 6.4% |
Industry Average (Oil and Gas) | 4.7% |
Analyst forecast in 3 Years (OVV) | 2.5% |
Notable Dividend: OVV's dividend (2.48%) is higher than the bottom 25% of dividend payers in the Canadian market (1.84%).
High Dividend: OVV's dividend (2.48%) is low compared to the top 25% of dividend payers in the Canadian market (6.39%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (16.5%), OVV's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (31%), OVV's dividend payments are well covered by cash flows.