Cenovus Energy (MEX:CVE N) Dividend Payout Ratio: 0.23 (As of Mar. 2026) — Near Median

What is Cenovus Energy Dividend Payout Ratio?

Cenovus Energy MEX:CVE N 66 Dividend Payout Ratio is 0.23 as of Mar. 2026, which is 4% below its 10-year median of 0.24. GuruFocus rates MEX:CVE N with a GF Score™ of 66/100 and a GF Value™ of MXN264.43. The stock has 3 warning signs investors should review. Among 436 Oil & Gas companies, Cenovus Energy ranks better than 72.94% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Cenovus Energy's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.23.

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

MEX:CVE N' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.24 Max: 0.56
Current: 0.33

During the past 13 years, the highest Dividend Payout Ratio of Cenovus Energy was 0.56. The lowest was 0.11. And the median was 0.24.

MEX:CVE N's Dividend Payout Ratio is ranked better than
72.94% of 436 companies
in the Oil & Gas industry
Industry Median: 0.5 vs MEX:CVE N: 0.33

As of today (2026-06-28), the Dividend Yield % of Cenovus Energy is 2.55%.

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 1.85%.

Cenovus Energy's Dividends per Share for the months ended in Mar. 2026 was MXN2.63.

During the past 12 months, Cenovus Energy's average Dividends Per Share Growth Rate was -6.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 18.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 74.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Cenovus Energy was 110.00% per year. The lowest was -42.70% per year. And the median was 4.35% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Cenovus Energy (MEX:CVE N) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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

Cenovus Energy Dividend Payout Ratio Historical Data

* Premium members only.

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.

Cenovus Energy Dividend Payout Ratio Chart

Cenovus Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

Get a 7-Day Free Trial

0.00

0.35

0.38

Cenovus Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.38	0.72	0.26	0.40	0.23

MEX:CVE N vs XOM, CVX: Dividend Payout Ratio Comparison

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 Dividend Payout Ratio vs 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.

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66GF Score

Cenovus Energy Inc MEX:CVE N

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Cenovus Energy Dividend Payout Ratio Calculation

Cenovus Energy's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	10.181	/	26.482
	=	0.38

Cenovus Energy's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	2.629	/	11.615
	=	0.23

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.23 mean?

Cenovus Energy (MEX:CVE N) has a Dividend Payout Ratio of 0.23 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Cenovus Energy and its competitors. This is near median its historical median of 0.24. Over the past decade, Cenovus Energy's Dividend Payout Ratio has ranged from 0.11 to 0.56. According to the industry distribution chart, Cenovus Energy ranks #118 out of 436 companies in the Oil & Gas industry, placing it in the top 27.1%.

Is Cenovus Energy's Dividend Payout Ratio too high?

Cenovus Energy's current Dividend Payout Ratio of 0.23 is near median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.56. The Oil & Gas industry median Dividend Payout Ratio is 0.50. Cenovus Energy's value of 0.23 is 54% below this industry median. Based on the distribution chart, Cenovus Energy ranks #118 out of 436 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Cenovus Energy has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.

How does Cenovus Energy's Dividend Payout Ratio compare to XOM and CVX?

According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #118 out of 436 companies for Dividend Payout Ratio. This puts Cenovus Energy in the upper half of its industry. The industry median Dividend Payout Ratio is 0.50. Cenovus Energy's value of 0.23 is 54% below this benchmark. Historically, Cenovus Energy's own Dividend Payout Ratio has ranged from 0.11 to 0.56 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.50, Cenovus Energy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Oil & Gas company?

The median Dividend Payout Ratio among Oil & Gas companies is 0.50, based on 436 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current Dividend Payout Ratio of 0.23 is 54% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Cenovus Energy and its competitors. For the Oil & Gas industry, the median Dividend Payout Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current Dividend Payout Ratio is 0.23, which is near median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Cenovus Energy stock overvalued right now?

Cenovus Energy (MEX:CVE N) has a current Dividend Payout Ratio of 0.23. The stock's GF Value™ is MXN264.43, compared to a current price of MXN415.00 — trading 56.9% above its estimated fair value. The current Dividend Payout Ratio is 0.23, which is near median its 10-year median of 0.24 and 54% below the Oil & Gas industry median of 0.50. Cenovus Energy's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Cenovus Energy (MEX:CVE N), the current Dividend Payout Ratio is 0.23 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cenovus Energy (MEX:CVE N) Overvalued in 2026?

Based on GuruFocus' analysis, Cenovus Energy stock appears to be overvalued. The current stock price of MXN415.00 is trading 56.9% above its estimated GF Value™ of MXN264.43.

Key valuation signals for MEX:CVE N:

Dividend Payout Ratio: 0.23 (near median its 10-year median of 0.24)
GF Value™: MXN264.43 vs. price of MXN415.00 (56.9% above fair value)
GF Score™: 66/100 with 3 warning signs
Industry Position: 54% below the Oil & Gas median (#118 of 436)

No single metric tells the full story. See the MEX:CVE N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cenovus Energy Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:IMO TSX:SU SAU:2222 XOM CVX SHSE:601857 LSE:SHEL XPAR:TTE BSP:PETR3 LSE:BP.OSL:EQNR HKSE:00386 MIL:ENI ADX:ADNOCGAS WAR:PKN BOM:500312 BKK:PTT BOG:ECOPETROL XMAD:REP WBO:OMV

Other Exchanges CVE:USA CXD:Germany CVE:Canada

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

Website https://www.cenovus.com

Cenovus Energy Inc is a Canadian integrated energy group. The group's upstream operations include oil sands projects in northern Alberta; thermal and conventional crude oil, natural gas, and natural gas liquids (NGLs) projects across Western Canada; crude oil production offshore Newfoundland and Labrador; and natural gas and NGLs production offshore China and Indonesia. Its downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada. The group's reportable segments are: Oil Sands, Conventional, Offshore, Canadian Refining, U.S Refining, and Corporate and Eliminations. Maximum revenue is generated from its Oil Sands segment. Geographically, the group derives maximum revenue from the U.S., followed by Canada and China.

66GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN415.00

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MXN264.43

GF Value

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