Cenovus Energy Inc. (CVE) Dividends
Dividend Yield and Dividend History Highlights
- CVE reports a compound annual dividend growth rate of -0.4% over the past 5.5 years.
- The stock's free cash flow/dividend ratio, potentially useful for understanding its ability to make dividend payments, comes in at 20.57 -- higher than 98.01% of other dividend issuers in the US.
- If you want to include this stock in your dividend portfolio, here are some dividend stocks that are NOT correlated with CVE that may be suitable potential portfolio mates: TRIB, LGHL, NWFL, CSX and BBY.
CVE Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $16.30 | $4 | -75.23% |
A technique commonly used by dividend investors to value dividend-issuing stocks is the Dividend Discount Model (DDM), which seeks to determine a fair share price based on the dividend provided by the company relative to a number of other company-specific factors. Regarding Cenovus Energy Inc, the DDM model generated by StockNews estimates a return of negative 75.23% in comparison to its current price. To help understand and contextualize the model's evaluation of CVE, investors may wish to consider are:
- Relative to all dividend yielding stocks in our set, Cenovus Energy Inc's dividend yield of 0.68% is in the bottom 9.62%.
- In comparison to other US listed dividend yielding stocks in the Energy sector, the expected return of -75.23%, based on the stock's current share price and target price based on a dividend discount model, is greater than 7.62% of the DDM-forecasted return of its its sector peers.
- Out of all stocks in our universe of US-listed dividend-issuing stocks, Cenovus Energy Inc bears a discount rate, according to our calculations, lower than 7.62% of them (lower discount rates are generally perceived as positive, and a sign of lower risk).
- Cenovus Energy Inc has annual revenue of approximately $37 billion; this puts it in the large-sized revenue class -- where its dividend growth rate surpasses that of just 15.7% of US-listed, dividend-issuing stocks in the same revenue class.
CVE Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2023-12-14 | Dividend | $0.10 | -0.96% |
| 2023-09-14 | Dividend | $0.10 | +0.97% |
| 2023-06-14 | Dividend | $0.10 | +33.77% |
| 2023-03-14 | Dividend | $0.08 | -1.28% |
| 2022-12-14 | Dividend | $0.08 | -7.14% |
| 2022-11-17 | Dividend | $0.08 | +5.00% |
| 2022-09-14 | Dividend | $0.08 | -3.61% |
| 2022-06-14 | Dividend | $0.08 | +196.43% |
| 2022-03-14 | Dividend | $0.03 | +3.70% |
| 2021-12-14 | Dividend | $0.03 | +92.86% |
| 2021-09-14 | Dividend | $0.01 | -70.21% |
| 2020-03-12 | Dividend | $0.05 | -- |
| 2019-12-12 | Dividend | $0.05 | +23.68% |
| 2019-09-12 | Dividend | $0.04 | +2.70% |
| 2019-06-13 | Dividend | $0.04 | -2.63% |
| 2019-03-14 | Dividend | $0.04 | -- |
| 2018-12-13 | Dividend | $0.04 | -- |
| 2018-09-13 | Dividend | $0.04 | -2.56% |
| 2018-06-14 | Dividend | $0.04 | -2.50% |
| 2018-03-14 | Dividend | $0.04 | -- |
| 2017-12-14 | Dividend | $0.04 | -- |
| 2017-09-14 | Dividend | $0.04 | +8.11% |
| 2017-06-13 | Dividend | $0.04 | -2.63% |
| 2017-03-13 | Dividend | $0.04 | +2.70% |
| 2016-12-13 | Dividend | $0.04 | -2.63% |
| 2016-09-13 | Dividend | $0.04 | -- |
| 2016-06-13 | Dividend | $0.04 | -24.00% |
| 2016-03-11 | Dividend | $0.05 | -58.33% |
| 2015-12-11 | Dividend | $0.12 | -2.28% |
| 2015-09-11 | Dividend | $0.12 | -44.76% |
| 2015-06-11 | Dividend | $0.22 | +4.12% |
| 2015-03-11 | Dividend | $0.21 | -19.80% |
| 2014-12-11 | Dividend | $0.27 | +9.77% |
| 2014-09-11 | Dividend | $0.24 | -0.53% |
| 2014-06-11 | Dividend | $0.24 | +1.71% |
| 2014-03-12 | Dividend | $0.24 | +5.64% |
| 2013-12-11 | Dividend | $0.23 | -2.66% |
| 2013-09-11 | Dividend | $0.23 | -1.65% |
| 2013-06-12 | Dividend | $0.24 | +0.77% |
| 2013-03-13 | Dividend | $0.24 | +5.61% |
| 2012-12-12 | Dividend | $0.22 | -1.50% |
| 2012-09-12 | Dividend | $0.23 | +5.60% |
| 2012-06-13 | Dividend | $0.21 | -3.47% |
| 2012-03-13 | Dividend | $0.22 | +13.51% |
| 2011-12-13 | Dividend | $0.20 | -2.40% |
| 2011-09-13 | Dividend | $0.20 | -2.58% |
| 2011-06-13 | Dividend | $0.21 | -2.14% |
| 2011-03-11 | Dividend | $0.21 | +5.00% |
| 2010-12-13 | Dividend | $0.20 | +5.26% |
| 2010-09-13 | Dividend | $0.19 | -1.55% |
| 2010-06-11 | Dividend | $0.19 | -1.03% |
| 2010-03-11 | Dividend | $0.20 | -2.50% |
| 2009-12-17 | Dividend | $0.20 | -- |
CVE Dividends vs. Peers
CVE's dividend yield currently ranks #120 of 177 vs. its peers in the Energy - Oil & Gas category.
Looking for More Information on CVE dividends?
Want to do more research on Cenovus Energy Inc's dividends? Try the links below:Cenovus Energy Inc Common Stock (CVE) Dividend History | Nasdaq
Dividend History for Cenovus Energy Inc (CVE) - Dividend Investor
Cenovus Energy Inc (CVE) Dividend History - Seeking Alpha