Cenovus Energy Inc (NYSE:CVE – Get Free Report) (TSE:CVE) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, December 15th will be paid a dividend of C$0.22 per share by the oil and gas company on Thursday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, December 15th.
Cenovus Energy has increased its dividend by an average of 0.6% per year over the last three years and has raised its dividend every year for the last 4 years. Cenovus Energy has a dividend payout ratio of 58.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cenovus Energy to earn $4.01 per share next year, which means the company should continue to be able to cover its $0.61 annual dividend with an expected future payout ratio of 15.2%.
Cenovus Energy Price Performance
NYSE CVE opened at $27.55 on Friday. The stock’s 50-day moving average price is $32.01 and its two-hundred day moving average price is $27.61. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.25. The company has a market cap of $50.04 billion, a PE ratio of 8.13 and a beta of 0.38. Cenovus Energy has a 1 year low of $15.63 and a 1 year high of $34.16.
Cenovus Energy Company Profile
Cenovus Energy Inc (NYSE:CVE) is an integrated Canadian energy company engaged in the exploration, development, production, transportation, and marketing of crude oil and natural gas. Its upstream operations include oil sands projects in northern Alberta, as well as conventional oil and natural gas assets in Canada.
The company also operates oil sands upgraders, refineries, and related infrastructure. Through its downstream business, Cenovus produces and markets refined petroleum products, including gasoline, diesel, jet fuel, asphalt, and other products.
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