Cenovus Energy Inc (TSE:CVE) Raises Dividend to $0.06 Per Share
Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) declared a quarterly dividend on Wednesday, February 12th, Zacks reports. Investors of record on Friday, March 13th will be paid a dividend of 0.063 per share on Tuesday, March 31st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, March 12th. This is a boost from Cenovus Energy’s previous quarterly dividend of $0.06.
Shares of TSE CVE opened at C$11.94 on Friday. The company has a debt-to-equity ratio of 46.38, a quick ratio of 0.60 and a current ratio of 1.12. Cenovus Energy has a 52 week low of C$10.29 and a 52 week high of C$14.31. The stock has a market capitalization of $14.80 billion and a P/E ratio of 20.41. The stock’s fifty day moving average is C$12.36 and its 200 day moving average is C$12.02.
In other news, Director Keith A.J. Macphail purchased 20,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of C$13.08 per share, with a total value of C$261,600.00. Following the completion of the purchase, the director now owns 222,000 shares of the company’s stock, valued at approximately C$2,903,760.
About Cenovus Energy
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake.
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