Cenovus Energy (Cenovus Energy) Dividend Payout Ratio : 0.40 (As of Dec. 2023)

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What is Cenovus Energy Dividend Payout Ratio?

Cenovus Energy's dividend payout ratio for the months ended in Dec. 2023 was 0.40.

The historical rank and industry rank for Cenovus Energy's Dividend Payout Ratio or its related term are showing as below:

CVE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.24 Max: 1.14
Current: 0.24

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.

CVE's Dividend Payout Ratio is ranked better than
73.17% of 451 companies
in the Oil & Gas industry
Industry Median: 0.44 vs CVE: 0.24

As of today (2024-04-24), the Dividend Yield % of Cenovus Energy is 1.96%.

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

Cenovus Energy's Dividends per Share for the 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.

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.

The growth rate is calculated with least square regression.

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

Cenovus Energy Dividend Payout Ratio Historical Data

The historical data trend for Cenovus Energy's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Cenovus Energy Dividend Payout Ratio Chart

Cenovus Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.12

0.11

0.13

0.24

Cenovus Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.53	0.31	0.35	0.13	0.40

Competitive Comparison of Cenovus Energy's Dividend Payout Ratio

For the Oil & Gas Integrated subindustry, Cenovus Energy's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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's Dividend Payout Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cenovus Energy's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Cenovus Energy's Dividend Payout Ratio falls into.

Cenovus Energy Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

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

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.391	/	1.63
	=	0.24

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

Cenovus Energy (NYSE:CVE) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Cenovus Energy Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Cenovus Energy's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Cenovus Energy (Cenovus Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cenovus Energy Inc (NYSE:CVE) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

CXD:Germany CXD:Germany CVE.PR.B.PFD:Canada CVE.PR.A.PFD:Canada CVE.PR.C.PFD:Canada CVE.PR.G.PFD:Canada CVE.PR.E.PFD:Canada CVE:Canada

Address

225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2

Website

https://www.cenovus.com

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.