Ovintiv Dividend
Dividend criteria checks 3/6
Ovintiv is a dividend paying company with a current yield of 2.43% 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
2.4%
Dividend yield
17%
Payout ratio
| Industry average yield | 3.9% |
| Next dividend pay date | 28 Jun 24 |
| Ex dividend date | 14 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | US$7.23 |
| Dividend yield forecast in 3Y | 2.6% |
Recent dividend updates
Recent updates
Ovintiv Inc.'s (NYSE:OVV) CEO Looks Like They Deserve Their Pay Packet
Apr 26
We Think Ovintiv (NYSE:OVV) Is Taking Some Risk With Its Debt
Apr 19Ovintiv Inc.'s (NYSE:OVV) Price Is Right But Growth Is Lacking
Apr 05Ovintiv: Projecting 2024 FCF At Around $1.8 Billion To $1.9 Billion
Mar 22Ovintiv (NYSE:OVV) Is Doing The Right Things To Multiply Its Share Price
Mar 21Ovintiv: Still Light On Oil Reserves
Mar 03Ovintiv Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Mar 01Estimating The Intrinsic Value Of Ovintiv Inc. (NYSE:OVV)
Feb 25Ovintiv: A Wait-And-See Opportunity With Long-Term Upside
Jan 11Ovintiv: Operational Improvement But Debt Reduction A Headwind (Rating Downgrade)
Nov 09Ovintiv May Generate Around $3 Billion In Free Cash Flow By The End Of 2024
Sep 27Ovintiv Maintains Enhanced Prospects With Strong Assets And Core Midland Acquisition
Jul 24Ovintiv Q4 2022 Earnings Preview
Feb 26Credit Suisse expands 'Top of the Crop' list to five stocks
Jan 16Ovintiv: Hedges Will Roll In 2023, Priced At Approximately 4x FCF
Nov 16Ovintiv declares $0.25 dividend
Nov 08Having Paid Off Debt, Ovintiv Is Poised For Massive Share Repurchases
Oct 12Ovintiv renews its stock buyback program
Sep 28Ovintiv goes ex-dividend tomorrow
Sep 13Ovintiv Is A Cash Cow Now
Aug 26Upcoming 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) | 2.4% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.6% |
| Industry Average (Oil and Gas) | 3.9% |
| Analyst forecast in 3 Years (OVV) | 2.6% |
Notable Dividend: OVV's dividend (2.43%) is higher than the bottom 25% of dividend payers in the US market (1.49%).
High Dividend: OVV's dividend (2.43%) is low compared to the top 25% of dividend payers in the US market (4.6%).
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 (31.1%), OVV's dividend payments are well covered by cash flows.