Ovintiv (MEX:OVV) Dividend Payout Ratio: 0.16 (As of Mar. 2026) — 14% Above Median

Ovintiv MEX:OVV 63 Dividend Payout Ratio is 0.16 as of Mar. 2026, which is 14% above its 10-year median of 0.14. GuruFocus rates MEX:OVV with a GF Score™ of 63/100 and a GF Value™ of MXN491.95. The stock has 5 warning signs investors should review. Among 436 Oil & Gas companies, Ovintiv ranks better than 91.97% 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. Ovintiv's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.16.

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

MEX:OVV' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.14 Max: 0.68
Current: 0.15

During the past 13 years, the highest Dividend Payout Ratio of Ovintiv was 0.68. The lowest was 0.05. And the median was 0.14.

MEX:OVV's Dividend Payout Ratio is ranked better than
91.97% of 436 companies
in the Oil & Gas industry
Industry Median: 0.5 vs MEX:OVV: 0.15

As of today (2026-06-30), the Dividend Yield % of Ovintiv is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Ovintiv was 15.28%. The lowest was 0.00%. And the median was 1.70%.

Ovintiv's Dividends per Share for the months ended in Mar. 2026 was MXN5.41.

During the past 3 years, the average Dividends Per Share Growth Rate was 8.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 28.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Ovintiv was 85.00% per year. The lowest was -55.30% per year. And the median was 7.90% 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.

Ovintiv (MEX:OVV) 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.

Ovintiv Dividend Payout Ratio Related Terms

Ovintiv Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Ovintiv'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.

Ovintiv Dividend Payout Ratio Chart

Ovintiv Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.09

0.07

0.14

0.21

0.16

Ovintiv 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															0.17	0.24	0.31	0.08	0.16

MEX:OVV vs PR, APA, AR: Dividend Payout Ratio Comparison

For the Oil & Gas E&P subindustry, Ovintiv'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.

Ovintiv Dividend Payout Ratio vs Oil & Gas Industry

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

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

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63GF Score

Ovintiv Inc MEX:OVV

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

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Ovintiv Dividend Payout Ratio Calculation

Ovintiv'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 )
	=	21.607	/	138.868
	=	0.16

Ovintiv'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 )
	=	5.41	/	34.628
	=	0.16

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.16 mean?

Ovintiv (MEX:OVV) has a Dividend Payout Ratio of 0.16 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Ovintiv and its competitors. This is 14% above median its historical median of 0.14. Over the past decade, Ovintiv's Dividend Payout Ratio has ranged from 0.05 to 0.68. According to the industry distribution chart, Ovintiv ranks #35 out of 436 companies in the Oil & Gas industry, placing it in the top 8%.

Is Ovintiv's Dividend Payout Ratio too high?

Ovintiv's current Dividend Payout Ratio of 0.16 is 14% above median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.68. The Oil & Gas industry median Dividend Payout Ratio is 0.50. Ovintiv's value of 0.16 is 68% below this industry median. Based on the distribution chart, Ovintiv ranks #35 out of 436 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Ovintiv has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.

How does Ovintiv's Dividend Payout Ratio compare to PR and APA?

According to the Oil & Gas industry distribution chart, Ovintiv ranks #35 out of 436 companies for Dividend Payout Ratio. This places Ovintiv in the top 8% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.50. Ovintiv's value of 0.16 is 68% below this benchmark. Historically, Ovintiv's own Dividend Payout Ratio has ranged from 0.05 to 0.68 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 0.50, Ovintiv 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. Ovintiv's current Dividend Payout Ratio of 0.16 is 68% 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 Ovintiv 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. Ovintiv's current Dividend Payout Ratio is 0.16, which is 14% above median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ovintiv stock overvalued right now?

Ovintiv (MEX:OVV) has a current Dividend Payout Ratio of 0.16. The stock's GF Value™ is MXN491.95, compared to a current price of MXN663.25 — trading 34.8% above its estimated fair value. The current Dividend Payout Ratio is 0.16, which is 14% above median its 10-year median of 0.14 and 68% below the Oil & Gas industry median of 0.50. Ovintiv's overall GF Score™ is 63/100 with 5 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 Ovintiv (MEX:OVV), the current Dividend Payout Ratio is 0.16 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 Ovintiv (MEX:OVV) Overvalued in 2026?

Based on GuruFocus' analysis, Ovintiv stock appears to be overvalued. The current stock price of MXN663.25 is trading 34.8% above its estimated GF Value™ of MXN491.95.

Key valuation signals for MEX:OVV:

Dividend Payout Ratio: 0.16 (14% above median its 10-year median of 0.14)
GF Value™: MXN491.95 vs. price of MXN663.25 (34.8% above fair value)
GF Score™: 63/100 with 5 warning signs
Industry Position: 68% below the Oil & Gas median (#35 of 436)

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

Ovintiv Business Description

Industry Energy Oil & Gas

Comparable Companies PR APA AR RRC EXE CHRD SM MTDR MUR MGY HKSE:00883 COP TSX:CNQ EOG FANG OXY DVN MIC:NVTK ASX:WDS EQT

Other Exchanges OVV:USA 47Q:Germany OVV:Canada

Address 370 - 17th Street, Suite 1700, Denver, CO, USA, 80202

Website https://www.ovintiv.com

Ovintiv Inc is a North American oil and natural gas exploration and production company focused on developing its multi-basin portfolio of high-quality assets located in the United States and Canada. Its operations also include the marketing of oil, NGLs, and natural gas. The company has two operating segments: USA Operations and Canadian Operations. USA Operations include the exploration, development, production, and marketing of oil, NGLs, natural gas, and other related activities within the United States. Canadian Operations include the exploration, development, production, and marketing of oil, NGLs, natural gas, and other related activities within Canada. The company generates the majority of its revenue from USA Operations.

63GF Score

Get the complete analysis for MEX:OVV

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

MXN663.25

Price

MXN491.95

GF Value

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