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Cenovus Energy Stock

Cenovus Energy Dividend 2024

Cenovus Energy Dividend

0.67 CAD

Cenovus Energy Dividend yield

3.21 %

Ticker

CVE.TO

ISIN

CA15135U1093

WKN

A0YD8C

How much dividend does Cenovus Energy 2024 pay?

According to the latest status from December 2024, Cenovus Energy paid a total of 0.67 CAD per share in dividends within the last 12 months. With the current Cenovus Energy price of 20.71 CAD, this corresponds to a dividend yield of 3.21 %. A dividend is paid times per year.

3.21 % Dividend Yield=
0.67 CAD Dividend
20.71 CAD Stock Price

Historical Cenovus Energy Dividends

A dividend is paid times per year. Last year, the payout months were January, April, July and October.

PaydateDividend
1/13/20250.18
10/13/20240.18
7/14/20240.18
6/16/20240.14
4/14/20240.14
1/14/20240.14
10/14/20230.14
7/14/20230.14
4/14/20230.11
1/14/20230.11
12/17/20220.11
10/14/20220.11
7/14/20220.11
4/14/20220.04
1/14/20220.04
10/14/20210.02
7/14/20210.02
4/12/20210.02
4/12/20200.06
1/12/20200.06
1
2
3

Cenovus Energy dividend history and estimates

In 2023, Cenovus Energy paid a dividend amounting to 0.67 CAD. Dividend means that Cenovus Energy distributes a portion of its profits to its owners.

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Dividend
Dividend (Estimate)
Details

Dividend

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Dividend Overview

The dividend per year chart for Cenovus Energy provides a comprehensive view of the annual dividends distributed to shareholders. Analyze the trend to understand the consistency and growth in dividend payouts over the years.

Interpretation and Use

A consistent or increasing trend in dividends can indicate the company's profitability and financial health. Investors can use this data to identify Cenovus Energy’s potential for long-term investment and income generation through dividends.

Investment Strategy

Incorporate the dividend data in evaluating Cenovus Energy's overall performance. A thorough analysis, considering other financial aspects, will help in making informed investment decisions for optimal capital growth and income generation.

Cenovus Energy Dividend History

DateCenovus Energy Dividend
2026e0.79 undefined
2025e0.79 undefined
2024e0.79 undefined
20230.67 undefined
20220.46 undefined
20210.09 undefined
20200.06 undefined
20190.21 undefined
20180.2 undefined
20170.2 undefined
20160.2 undefined
20150.85 undefined
20141.06 undefined
20130.97 undefined
20120.88 undefined
20110.8 undefined
20100.8 undefined
20090.2 undefined

Is the Cenovus Energy Dividend Safe?

Cenovus Energy has been increasing the dividend for 3 years.

Over the past 10 years, Cenovus Energy has increased it by an annual -3.685 %.

Over a five-year period, the distribution increased by 27.162%.

Analysts expect a Dividend Increase of 8.676% for the current fiscal year.

Cenovus Energy dividend payout ratio

In 2023, Cenovus Energy had a payout ratio of 19.62%. The payout ratio indicates the percentage of the company's profits that Cenovus Energy distributes as dividends.

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Payout ratio
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Payout ratio

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What is Yearly Payout Ratio?

The yearly payout ratio for Cenovus Energy represents the proportion of earnings paid out as dividends to shareholders. It is an indicator of the company's financial health and stability, illustrating how much profit is being returned to investors versus being reinvested back into the company.

How to Interpret the Data

A lower payout ratio for Cenovus Energy could mean that the company is reinvesting more into its growth, whereas a higher ratio indicates more earnings are being distributed as dividends. Investors seeking regular income might prefer companies with a higher payout ratio, while those looking for growth may opt for companies with a lower ratio.

Using the Data for Investments

Evaluate Cenovus Energy's payout ratio in conjunction with other financial metrics and performance indicators. A sustainable payout ratio, coupled with strong financial health, can indicate a reliable dividend payout. However, a very high ratio might suggest the company is not sufficiently reinvesting in its future growth.

Cenovus Energy Payout Ratio History

DateCenovus Energy Payout ratio
2026e20.18 %
2025e18.76 %
2024e22.17 %
202319.62 %
202214.5 %
202132.41 %
2020-3.22 %
201911.94 %
2018-9.22 %
20176.56 %
2016-30.77 %
2015113.65 %
2014108.65 %
2013111.26 %
201267.18 %
201141.03 %
201055.94 %
200920.41 %
200819.62 %
200719.62 %
200619.62 %

Dividend Details

Understanding Cenovus Energy's Dividend Distributions

Cenovus Energy’s dividends are a portion of the company’s profits distributed to shareholders. It is a critical indicator of the company’s financial health and attractiveness to investors. Dividends provide investors with a steady income stream, in addition to any profits that may come from selling the stock at a higher price than the purchase price.

Year-to-Year Comparison

Examining Cenovus Energy's dividend distributions over the years can highlight the company’s profitability and stability. A consistent or increasing dividend payout can indicate a financially healthy company with predictable earnings, while fluctuations or reductions in dividends can suggest underlying financial or operational challenges.

Impact on Investments

Cenovus Energy's dividend payments are an essential factor for income-focused investors. A robust dividend payout can enhance the stock’s appeal, offering regular income in addition to potential capital gains. It also can indicate the company's confidence in its future earnings, making it a significant consideration in investment decisions.

Interpreting Dividend Fluctuations

Changes in Cenovus Energy’s dividends can result from shifts in the company’s earnings, financial policies, or reinvestment strategies. An increase in dividends often signals financial stability, while a decrease may indicate a need to conserve cash or reinvest profits to fuel growth, each scenario having different implications for investors.

Cenovus Energy Aktienanalyse

What does Cenovus Energy do?

Cenovus Energy Inc. is a Canadian company that started operating in 2009. Its headquarters are located in Calgary, Alberta. However, the company's history dates back to 1881 when the Canadian Pacific Railway was founded. Over the following decades, the company became one of the largest in Canada and soon began to venture into the energy generation sector. When Canadian Pacific Railway acquired PanCanadian Energy Corporation in 2001, it transformed into an independent company known as EnCana Corporation. After some restructuring, Cenovus Energy Inc. was finally established in 2009 as an independent company. Cenovus Energy Inc.'s business model focuses on the exploration and production of oil and gas in both Canada and the United States. Various methods are used to access these valuable resources, with oil sands extraction playing a particularly significant role in extracting oil from the vast reserves in Alberta and Saskatchewan. Overall, Cenovus Energy Inc. can be divided into three main segments: - Exploration & Production: This involves searching for oil and gas reserves, as well as developing and operating extraction facilities. - Conventional Oil: This segment focuses on the extraction of conventional oil using traditional methods. - Refining & Marketing: This involves processing crude oil into various products such as gasoline, lubricants, and heating oil, which are then sold. Cenovus Energy has become one of the largest energy companies in Canada, employing over 8,000 employees. The company is listed on the Toronto Stock Exchange and the New York Stock Exchange. Cenovus Energy's products mainly include various oil and gas products that are marketed both domestically and internationally, with a focus on supplying North American companies. However, renewable energy production is not part of Cenovus Energy's core business. Cenovus Energy is also actively working to make its production more environmentally friendly. The company has significantly expanded its investment program in renewable energy to meet the energy needs of its production facilities. Additionally, technologies to reduce CO2 emissions are being implemented, and recycling processes are being developed. Overall, Cenovus Energy Inc. is an important player in the Canadian and North American energy industry. However, its focus on extracting fossil fuels also places it within the discussion on sustainable environmental practices and transitioning to renewable energy sources. Cenovus Energy is one of the most popular companies on Eulerpool.com.
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Frequently Asked Questions about Cenovus Energy stock

How much dividend does Cenovus Energy pay?

Over the past 12 months, Cenovus Energy paid a dividend of 0.67 CAD . This corresponds to a dividend yield of about 3.21 %. For the coming 12 months, Cenovus Energy is expected to pay a dividend of 0.79 CAD.

What is the dividend yield of Cenovus Energy?

The current dividend yield of Cenovus Energy is 3.21 %.

When does Cenovus Energy pay dividends?

Cenovus Energy pays a quarterly dividend. This is distributed in the months of June, July, October, January.

How secure is the dividend of Cenovus Energy?

Cenovus Energy paid dividends every year for the past 18 years.

What is the dividend of Cenovus Energy?

For the upcoming 12 months, dividends amounting to 0.79 CAD are expected. This corresponds to a dividend yield of 3.82 %.

In which sector is Cenovus Energy located?

Cenovus Energy is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Cenovus Energy kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Cenovus Energy from 12/31/2024 amounting to 0.18 CAD, you needed to have the stock in your portfolio before the ex-date on 12/13/2024.

When did Cenovus Energy pay the last dividend?

The last dividend was paid out on 12/31/2024.

What was the dividend of Cenovus Energy in the year 2023?

In the year 2023, Cenovus Energy distributed 0.464 CAD as dividends.

In which currency does Cenovus Energy pay out the dividend?

The dividends of Cenovus Energy are distributed in CAD.

Andere Kennzahlen von Cenovus Energy

Our stock analysis for Cenovus Energy Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Cenovus Energy Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.