Cenovus Energy Inc. (TSE:CVE) Announces Quarterly Dividend of $0.20

by · The Cerbat Gem

Cenovus Energy Inc. (TSE:CVE – Get Free Report) (NYSE:CVE) declared a quarterly dividend on Monday, December 15th, TickerTech Dividends reports. Investors of record on Wednesday, December 31st will be given a dividend of 0.20 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, December 15th.

Cenovus Energy Stock Up 1.9%

TSE:CVE traded up C$0.47 during trading hours on Friday, reaching C$24.83. 17,134,778 shares of the company traded hands, compared to its average volume of 8,497,258. The company has a current ratio of 1.59, a quick ratio of 1.00 and a debt-to-equity ratio of 33.59. The business’s 50-day moving average price is C$24.53 and its two-hundred day moving average price is C$22.16. Cenovus Energy has a 1 year low of C$14.48 and a 1 year high of C$26.36. The stock has a market capitalization of C$46.84 billion, a P/E ratio of 14.35, a P/E/G ratio of 0.09 and a beta of 0.47.

Cenovus Energy (TSE:CVE – Get Free Report) (NYSE:CVE) last issued its quarterly earnings results on Friday, October 31st. The company reported C$0.72 earnings per share for the quarter. The firm had revenue of C$13.20 billion during the quarter. Cenovus Energy had a return on equity of 12.67% and a net margin of 6.72%. Analysts predict that Cenovus Energy will post 2.2619279 earnings per share for the current year.

About Cenovus Energy

(Get Free Report)

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.

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