Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segments Foster Creek, Christina Lake, Sunrise, and Tucker oil sands projects, as well as Lloydminster thermal and conventional heavy oil assets The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in the exploration and development activities. The Canadian Manufacturing segment includes the owned and operated Lloydminster upgrading and asphalt refining complex, which upgrades heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants. The U.S. Manufacturing segment comprises the refining of crude oil to produce diesel, gasoline, jet fuel, asphalt, and other products. The Retail segment consists of marketing of its own and third-party refined petroleum products through retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
Cenovus Energy Dividend Announcement
• Cenovus Energy announced a quarterly dividend of $0.13 per ordinary share which will be made payable on 2024-12-31. Ex dividend date: 2024-12-13
• Cenovus Energy annual dividend for 2024 was $0.60
• Cenovus Energy annual dividend for 2023 was $0.39
• Cenovus Energy's trailing twelve-month (TTM) dividend yield is 3.16%
• Cenovus Energy's payout ratio for the trailing twelve months (TTM) is 29.25%
• Cenovus Energy's dividend growth over the last five years (2018-2023) was 27.35% year
• Cenovus Energy's dividend growth over the last ten years (2013-2023) was -8.73% year
Cenovus Energy Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-12-13 | $0.13 | quarterly | 2024-12-31 |
| 2024-09-13 | $0.13 | quarterly | 2024-09-27 |
| 2024-06-14 | $0.13 | quarterly | 2024-06-28 |
| 2024-05-16 | $0.10 | quarterly | 2024-05-31 |
| 2024-03-14 | $0.10 | quarterly | 2024-03-28 |
| 2023-12-14 | $0.10 | quarterly | 2023-12-29 |
| 2023-09-14 | $0.10 | quarterly | 2023-09-29 |
| 2023-06-14 | $0.11 | quarterly | 2023-06-30 |
| 2023-03-14 | $0.08 | quarterly | 2023-03-31 |
| 2022-12-14 | $0.08 | quarterly | 2022-12-30 |
| 2022-11-17 | $0.09 | quarterly | 2022-12-02 |
| 2022-09-14 | $0.08 | quarterly | 2022-09-29 |
| 2022-06-14 | $0.08 | quarterly | 2022-06-30 |
| 2021-12-14 | $0.03 | quarterly | 2021-12-31 |
| 2021-09-14 | $0.01 | quarterly | 2021-09-30 |
| 2021-06-14 | $0.01 | quarterly | 2021-06-30 |
| 2021-03-12 | $0.02 | quarterly | 2021-03-31 |
| 2020-03-12 | $0.05 | quarterly | 2020-03-31 |
| 2019-12-12 | $0.05 | quarterly | 2019-12-31 |
| 2019-09-12 | $0.04 | quarterly | 2019-09-30 |
| 2019-06-13 | $0.04 | quarterly | 2019-06-28 |
| 2018-09-13 | $0.04 | quarterly | 2018-09-28 |
| 2018-06-14 | $0.04 | quarterly | 2018-06-29 |
| 2018-03-14 | $0.04 | quarterly | 2018-03-29 |
| 2017-12-14 | $0.04 | quarterly | 2017-12-29 |
| 2017-09-14 | $0.05 | quarterly | 2017-09-29 |
| 2017-06-13 | $0.04 | quarterly | 2017-06-30 |
| 2017-03-13 | $0.04 | quarterly | 2017-03-31 |
| 2016-12-13 | $0.04 | quarterly | 2016-12-30 |
| 2016-09-13 | $0.04 | quarterly | 2016-09-30 |
| 2016-06-13 | $0.04 | quarterly | 2016-06-30 |
| 2016-03-11 | $0.04 | quarterly | 2016-03-31 |
| 2015-12-11 | $0.12 | quarterly | 2015-12-31 |
| 2015-09-11 | $0.12 | quarterly | 2015-09-30 |
| 2015-06-11 | $0.27 | quarterly | 2015-06-30 |
| 2015-03-11 | $0.27 | quarterly | 2015-03-31 |
| 2014-12-11 | $0.27 | quarterly | 2014-12-31 |
| 2014-09-11 | $0.27 | quarterly | 2014-09-30 |
| 2014-06-11 | $0.27 | quarterly | 2014-06-30 |
| 2014-03-12 | $0.27 | quarterly | 2014-03-31 |
| 2013-12-11 | $0.24 | quarterly | 2013-12-31 |
| 2013-09-11 | $0.24 | quarterly | 2013-09-30 |
| 2013-06-12 | $0.24 | quarterly | 2013-06-28 |
| 2013-03-13 | $0.24 | quarterly | 2013-03-28 |
Cenovus Energy Dividend per year
Cenovus Energy Dividend growth
Cenovus Energy Dividend Yield
Cenovus Energy current trailing twelve-month (TTM) dividend yield is 3.16%. Interested in purchasing Cenovus Energy stock? Use our calculator to estimate your expected dividend yield:
Cenovus Energy Financial Ratios
P/E ratio8.67
PEG ratio-0.19
P/B ratio1.38
ROE16.32%
Payout ratio29.25%
Current ratio1.66
Quick ratio1.00
Cash Ratio0.45
Cenovus Energy Dividend FAQ
How much is the next Cenovus Energy dividend?
Cenovus Energy's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Cenovus Energy dividend. The next Cenovus Energy dividend will be released in March, June, September, or December.
When is Cenovus Energy dividend paid?
Cenovus Energy pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Cenovus Energy pay?
The specific amount of Cenovus Energy dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Cenovus Energy's dividend history.
Does Cenovus Energy stock pay dividends?
Yes, Cenovus Energy does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Cenovus Energy's dividend history.
How much dividend does Cenovus Energy pay?
Cenovus Energy paid $0.597 in 2024, $0.388 in 2023, $0.326 in 2022, $0.073 in 2021, and $0.045 in 2020.
How often does Cenovus Energy pay dividends?
Cenovus Energy typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Cenovus Energy's dividend yield?
The current dividend yield for Cenovus Energy is 3.16%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Cenovus Energy's exact dividend yield.
When does Cenovus Energy go ex dividend?
Cenovus Energy's ex-dividend date for the latest dividend was on 2024-12-13. Cenovus Energy typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Cenovus Energy dividend paid?
Cenovus Energy pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Cenovus Energy increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Cenovus Energy will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Cenovus Energy dividend per share?
Cenovus Energy paid $0.597 per share in 2024 and $0.388 per share in 2023. The amount of dividend per share that Cenovus Energy pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Cenovus Energy a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Cenovus Energy a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Cenovus Energy a dividend stock?
Yes, Cenovus Energy is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Cenovus Energy a good dividend stock?
Whether Cenovus Energy is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Cenovus Energy has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Cenovus Energy as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Cenovus Energy as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Cenovus Energy pay dividends monthly?
Cenovus Energy typically pays dividends on a quarterly basis.
Does Cenovus Energy pay dividends quarterly?
Cenovus Energy currently pays dividends on a quarterly basis.
Has Cenovus Energy ever paid a dividend?
Yes, Cenovus Energy has a history of paying dividends to its shareholders. Cenovus Energy is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Cenovus Energy dividend stocks?
To buy Cenovus Energy you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Cenovus Energy stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Cenovus Energy stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Cenovus Energy pay dividends 2024?
Cenovus Energy pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-31. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Cenovus Energy increase its dividend in 2024?
Decisions regarding Cenovus Energy dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Cenovus Energy dividend overview you can look into the above table of dividend history.
How Cenovus Energy dividend works?
The Cenovus Energy dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Cenovus Energy's dividend process works:
1. Determination of Dividend: Cenovus Energy's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Cenovus Energy publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Cenovus Energy distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Cenovus Energy are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Cenovus Energy's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Cenovus Energy publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Cenovus Energy distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Cenovus Energy are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Cenovus Energy dividends paid?
Cenovus Energy dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Cenovus Energy sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Cenovus Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cenovus Energy declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Cenovus Energy sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Cenovus Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cenovus Energy declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Cenovus Energy pay dividends?
Cenovus Energy typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Cenovus Energy pay dividends?
The general pattern is that Cenovus Energy pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Cenovus Energy dividend safe?
The safety of Cenovus Energy's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Cenovus Energy's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Cenovus Energy's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Cenovus Energy's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Cenovus Energy's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.