Cenovus Energy Dividends and Buybacks

Dividend criteria checks 2/6

Cenovus Energy is a dividend paying company with a current yield of 2.02% that is well covered by earnings. Next payment date is on 27th September, 2024 with an ex-dividend date of 13th September, 2024.

Key information

2.0%

Dividend yield

2.5%

Buyback Yield

Total Shareholder Yield4.5%
Future Dividend Yield3.8%
Dividend Growth-11.8%
Next dividend pay date27 Sep 24
Ex dividend date13 Sep 24
Dividend per shareMex$0.525
Payout ratio24%

Recent dividend and buyback updates

Recent updates

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: CVE N's dividend payments have been volatile in the past 10 years.

Growing Dividend: CVE N's dividend payments have fallen over the past 10 years.


Dividend Yield vs Market

Cenovus Energy Dividend Yield vs Market
How does CVE N dividend yield compare to the market?
SegmentDividend Yield
Company (CVE N)2.0%
Market Bottom 25% (MX)2.6%
Market Top 25% (MX)7.2%
Industry Average (Oil and Gas)14.5%
Analyst forecast (CVE N) (up to 3 years)3.8%

Notable Dividend: CVE N's dividend (2.02%) isn’t notable compared to the bottom 25% of dividend payers in the MX market (2.15%).

High Dividend: CVE N's dividend (2.02%) is low compared to the top 25% of dividend payers in the MX market (7.14%).


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (23.7%), CVE N's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (16.2%), CVE N's dividend payments are well covered by cash flows.


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