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 Yield | 4.5% |
| Future Dividend Yield | 3.8% |
| Dividend Growth | -11.8% |
| Next dividend pay date | 27 Sep 24 |
| Ex dividend date | 13 Sep 24 |
| Dividend per share | Mex$0.525 |
| Payout ratio | 24% |
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 |
|---|
| Segment | Dividend 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.