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Cenovus Energy (Cenovus Energy) 5-Year Dividend Growth Rate

: 23.90% (As of Dec. 2023)
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Cenovus Energy's Dividends per Share for the three months ended in Dec. 2023 was $0.10.

During the past 12 months, Cenovus Energy's average Dividends Per Share Growth Rate was 13.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 102.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 23.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -13.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Cenovus Energy was 102.70% per year. The lowest was -42.70% per year. And the median was 0.50% per year.

Cenovus Energy's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.40. As of today, Cenovus Energy's Dividend Yield % is 1.97%.

Warning Sign:

Cenovus Energy Inc stock dividend yield is close to 1-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Oil & Gas Integrated subindustry, Cenovus Energy's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cenovus Energy 5-Year Dividend Growth Rate Distribution

For the Oil & Gas industry and Energy sector, Cenovus Energy's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Cenovus Energy's 5-Year Dividend Growth Rate falls into.



Cenovus Energy 5-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with least square regression.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Cenovus Energy  (NYSE:CVE) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Cenovus Energy's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.104/ 0.263
=0.40

During the past 13 years, the highest Dividend Payout Ratio of Cenovus Energy was 1.14. The lowest was 0.11. And the median was 0.24.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Cenovus Energy Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.1402024-03-142024-03-152024-03-28Cash DividendquarterlyCAD:USD 0.738242
CAD 0.1402023-12-142023-12-152023-12-29Cash DividendquarterlyCAD:USD 0.754720
CAD 0.1402023-09-142023-09-152023-09-29Cash DividendquarterlyCAD:USD 0.735808
CAD 0.1402023-06-142023-06-152023-06-30Cash DividendquarterlyCAD:USD 0.755744

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Cenovus Energy's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.41783196/21.27
=1.96 %

Current Share Price is $21.27.
Cenovus Energy's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.41783196.

During the past 13 years, the highest Dividend Yield of Cenovus Energy was 9.06%. The lowest was 0.15%. And the median was 2.01%.

Warning Sign:

Cenovus Energy Inc stock dividend yield is close to 1-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cenovus Energy 5-Year Dividend Growth Rate Related Terms

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Cenovus Energy (Cenovus Energy) Business Description

Industry
Address
225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2
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 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.