Cenovus Energy Inc. (TSE:CVE) Announces Dividend Increase – $0.22 Per Share

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.22 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, June 15th. This is a 10.0% increase from Cenovus Energy’s previous quarterly dividend of $0.20.

Cenovus Energy Price Performance

Shares of TSE:CVE traded down C$0.32 during trading on Friday, hitting C$39.47. 9,825,353 shares of the company’s stock were exchanged, compared to its average volume of 8,626,258. The company has a debt-to-equity ratio of 42.29, a current ratio of 1.57 and a quick ratio of 1.00. Cenovus Energy has a 52-week low of C$18.45 and a 52-week high of C$44.13. The business’s 50-day simple moving average is C$38.63 and its 200 day simple moving average is C$31.49. The company has a market cap of C$73.60 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.09 and a beta of 0.15.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last released its earnings results on Wednesday, May 6th. The company reported C$0.84 earnings per share (EPS) for the quarter. Cenovus Energy had a return on equity of 15.23% and a net margin of 9.52%.The firm had revenue of C$12.36 billion during the quarter. As a group, equities analysts predict that Cenovus Energy will post 2.2619279 EPS for the current year.

About Cenovus Energy

Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.