Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) announced a quarterly dividend on Wednesday, February 12th, Zacks reports. Shareholders of record on Friday, March 13th will be given a dividend of 0.047 per share by the oil and gas company on Tuesday, March 31st. This represents a $0.19 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, March 12th.
Cenovus Energy has raised its dividend by an average of 7.0% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Cenovus Energy has a payout ratio of 42.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cenovus Energy to earn $0.32 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 59.4%.
Cenovus Energy stock opened at $8.98 on Friday. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.76 and a beta of 1.01. The stock has a fifty day simple moving average of $9.42 and a two-hundred day simple moving average of $9.11. Cenovus Energy has a 12 month low of $7.67 and a 12 month high of $10.82. The company has a current ratio of 1.12, a quick ratio of 0.60 and a debt-to-equity ratio of 0.42.
Cenovus Energy Company Profile
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake.
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