Ovintiv Inc. (TSE:OVV) Plans Quarterly Dividend of $0.30

Ovintiv Inc. (TSE:OVV) announced a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Investors of record on Monday, June 30th will be paid a dividend of 0.30 per share on Monday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, June 13th.

Ovintiv Stock Performance

TSE:OVV traded up C$0.21 during trading hours on Wednesday, reaching C$54.04. 35,567 shares of the stock were exchanged, compared to its average volume of 183,396. The stock has a market capitalization of C$9.83 billion, a P/E ratio of 4.95, a P/E/G ratio of 0.05 and a beta of 2.63. The firm has a 50 day simple moving average of C$49.04 and a 200-day simple moving average of C$56.60. The company has a quick ratio of 0.51, a current ratio of 0.52 and a debt-to-equity ratio of 63.59. Ovintiv has a 52 week low of C$42.35 and a 52 week high of C$67.71.

Analyst Ratings Changes

A number of analysts have recently weighed in on OVV shares. BMO Capital Markets upgraded Ovintiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 24th. Scotiabank upgraded shares of Ovintiv to a “strong-buy” rating in a research note on Wednesday, March 19th. Five analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

About Ovintiv

Ovintiv Inc is a leading North American exploration and production (E&P) company focused on developing its high-quality, multi-basin portfolio. Ovintiv works to safely produce crude oil and natural gas-products that make modern life possible for all. The Company is focused on creating long-term shareholder value while contributing to the strength and sustainability of the communities where it operates.