CVE Cenovus Energy Inc. — dividend yield, history & ex-dividend dates
Cenovus Energy Inc. is an integrated energy firm involved in the exploration, extraction, processing, and sale of crude oil, natural gas liquids, and natural gas. Its operations span Canada, the United States, and the Asia Pacific region. The company organizes its extensive activities across six core segments: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail. The Oil Sands division is responsible for developing and producing bitumen and heavy oil from significant projects in northern Alberta and Saskatchewan, including Foster Creek, Christina Lake, Sunrise, and Tucker, in addition to its Lloydminster thermal and conventional heavy oil operations. Cenovus’s Conventional segment encompasses assets primarily situated in Alberta and British Columbia, specifically in areas such as Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake, alongside holdings in various natural gas processing facilities. The Offshore segment is solely dedicated to exploration and development endeavors. Its Canadian Manufacturing segment includes the proprietary Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other related products. This segment also oversees the Bruderheim crude-by-rail terminal and operates two ethanol plants. The U.S. Manufacturing segment focuses on refining crude oil to produce diesel, gasoline, jet fuel, asphalt, and various other petroleum products. Finally, the Retail segment manages the distribution and sales of both its own and third-party refined petroleum products through a network of retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and maintains its corporate headquarters in Calgary, Canada.
Dividend Snapshot
Research Scores
Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.
Not Rated
How the Dividend Safety Score is built for CVE
| Input | Value | Points | Weight |
|---|---|---|---|
| Earnings payout ratio | Earnings payout ratio 23% (TTM to Jun 30, 2026) | 100 | 20% |
| FCF payout ratio | FCF payout ratio 20% (TTM to Jun 30, 2026) | 100 | 25% |
| Net debt / EBITDA | Net debt / EBITDA 0.6x (TTM to Jun 30, 2026) | 100 | 15% |
| Interest coverage | Interest coverage 20.1x (TTM to Jun 30, 2026) | 100 | 10% |
| Dividend record | 5 years of uninterrupted regular payments; suspension Jun 11, 2020, within 10 years: capped at 20 | 20 | 20% |
| Earnings stability | Net income positive in 5 of the last 5 fiscal years (FY2021–FY2025) | 100 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
How the Dividend Growth Score is built for CVE
| Input | Value | Points | Weight |
|---|---|---|---|
| 5-year dividend growth | 5-year dividend CAGR 65.7% (2020–2025) | 100 | 25% |
| Consecutive annual increases | 5 consecutive annual increases (through 2025) | 60 | 20% |
| Payout headroom | Headroom from the earnings payout ratio 23% (TTM to Jun 30, 2026) | 100 | 20% |
| Earnings per share growth (3 years) | EPS CAGR -12.4% (FY2022–FY2025) | 0 | 15% |
| Revenue growth (3 years) | Revenue CAGR -11.6% (FY2022–FY2025) | 10 | 10% |
| 10-year dividend growth | 10-year dividend CAGR -3.1% (2015–2025) | 10 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
Key Metrics
Current Yield
1.92%
At the Oct 19, 2026 price
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Dividend
$0.6324
Declared Jul 29, 2026
The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.Frequency
Q Quarterly
How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.RSI (14)
60
As of Oct 19, 2026
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$15.85 – $33.92
Closes through Oct 16, 2026
The lowest and highest price over the past year, showing where today's price sits in its recent range.Payout Ratio (TTM)
22.91%
12 months to Jun 30, 2026 (Q2 FY2026)
The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.Years Paying
16
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book (TTM)
2.54
Price as of Oct 18, 2026; latest reported book value
Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
Quote & Key Data
Dividend Growth
How often a record like this ends in a cut
CVE has raised its annual dividend in 11 separate years since December 2009, which ranks 1015 among the 2,435 payers with a comparable record in our dataset. In 3 years the annual total fell by more than a fifth.
Of the 878 companies we track with 10 to 24 years of increases, 661 — 75 per cent — also have at least one year in which the dividend fell by more than 20 per cent. Across every company with twenty years of comparable history, only 278 of 1079 (26 per cent) have never cut. A long record of increases is common; a record with no cut anywhere in it is not.
Measured from annual totals using split-adjusted amounts, comparing only consecutive years with the same number of payments — a stock split and a payment shifting across a year boundary both look like cuts otherwise. The current year is excluded as incomplete. How we measure a cut, and what the corrections change. Figures are for information only, not a view on any security.
Why the Yield Moved (90 Days)
CVE's dividend yield fell from 2.17% to 1.92% over the past ~90 days (-0.25 pp). Of that move, +0.01 pp came from changes in the dividend rate and -0.26 pp from the share price ($28.99 on Jul 22, 2026 → $32.94 on Oct 19, 2026). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 275 daily observations over the past 13 months (through Oct 16, 2026), CVE's current yield is higher than approximately 3% of them. Our stored price history for CVE covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Dividend History
Dividend Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.1581 Q | Regular | Jul 29, 2026 | Sep 15, 2026 | Sep 15, 2026 | Sep 29, 2026 |
| $0.1573 Q | Regular | May 06, 2026 | Jun 15, 2026 | Jun 15, 2026 | Jun 30, 2026 |
| $0.1456 Q | Regular | Feb 19, 2026 | Mar 13, 2026 | Mar 13, 2026 | Mar 31, 2026 |
| $0.1453 Q | Regular | Oct 31, 2025 | Dec 15, 2025 | Dec 15, 2025 | Dec 31, 2025 |
| $0.1449 Q | Regular | Jul 31, 2025 | Sep 15, 2025 | Sep 15, 2025 | Sep 29, 2025 |
| $0.1473 Q | Regular | May 08, 2025 | Jun 13, 2025 | Jun 13, 2025 | Jun 30, 2025 |
| $0.1252 Q | Regular | Feb 20, 2025 | Mar 14, 2025 | Mar 14, 2025 | Mar 31, 2025 |
| $0.1264 Q | Regular | Oct 31, 2024 | Dec 13, 2024 | Dec 13, 2024 | Dec 31, 2024 |
| $0.1325 Q | Regular | Aug 01, 2024 | Sep 13, 2024 | Sep 13, 2024 | Sep 27, 2024 |
| $0.1310 Q | Regular | May 01, 2024 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 |
| $0.0991 S | Special | N/A | May 16, 2024 | May 17, 2024 | May 31, 2024 |
| $0.1040 Q | Regular | Feb 15, 2024 | Mar 14, 2024 | Mar 15, 2024 | Mar 28, 2024 |
| $0.1044 Q | Regular | Nov 02, 2023 | Dec 14, 2023 | Dec 15, 2023 | Dec 29, 2023 |
| $0.1030 Q | Regular | Jul 27, 2023 | Sep 14, 2023 | Sep 15, 2023 | Sep 29, 2023 |
| $0.1050 Q | Regular | Apr 26, 2023 | Jun 14, 2023 | Jun 15, 2023 | Jun 30, 2023 |
| $0.0760 Q | Regular | Feb 16, 2023 | Mar 14, 2023 | Mar 15, 2023 | Mar 31, 2023 |
| $0.0760 Q | Regular | Nov 01, 2022 | Dec 14, 2022 | Dec 15, 2022 | Dec 30, 2022 |
| $0.0855 S | Special | Nov 01, 2022 | Nov 17, 2022 | Nov 18, 2022 | Dec 02, 2022 |
| $0.0814 Q | Regular | Jul 27, 2022 | Sep 14, 2022 | Sep 15, 2022 | Sep 29, 2022 |
| $0.0830 Q | Regular | Apr 27, 2022 | Jun 14, 2022 | Jun 15, 2022 | Jun 30, 2022 |
| $0.0280 Q | Regular | Feb 08, 2022 | Mar 14, 2022 | Mar 15, 2022 | Mar 31, 2022 |
| $0.0270 Q | Regular | Nov 03, 2021 | Dec 14, 2021 | Dec 15, 2021 | Dec 31, 2021 |
| $0.0140 Q | Regular | Jul 28, 2021 | Sep 14, 2021 | Sep 15, 2021 | Sep 30, 2021 |
| $0.0144 Q | Regular | May 10, 2021 | Jun 14, 2021 | Jun 15, 2021 | Jun 30, 2021 |
| $0.0140 A | Regular | Feb 08, 2021 | Mar 12, 2021 | Mar 15, 2021 | Mar 31, 2021 |
| $0.0451 Q | Regular | Feb 12, 2020 | Mar 12, 2020 | Mar 13, 2020 | Mar 31, 2020 |
| $0.0474 Q | Regular | Jan 01, 1900 | Dec 12, 2019 | Dec 13, 2019 | Dec 31, 2019 |
| $0.0379 Q | Regular | Jul 24, 2019 | Sep 12, 2019 | Sep 13, 2019 | Sep 30, 2019 |
| $0.0373 Q | Regular | Apr 23, 2019 | Jun 13, 2019 | Jun 14, 2019 | Jun 28, 2019 |
| $0.0500 Q | Regular | Feb 12, 2019 | Mar 14, 2019 | Mar 15, 2019 | Mar 29, 2019 |
| $0.0500 Q | Regular | Oct 30, 2018 | Dec 13, 2018 | Dec 14, 2018 | Dec 31, 2018 |
| $0.0384 Q | Regular | Jul 26, 2018 | Sep 13, 2018 | Sep 14, 2018 | Sep 28, 2018 |
| $0.0389 Q | Regular | Apr 24, 2018 | Jun 14, 2018 | Jun 15, 2018 | Jun 29, 2018 |
| $0.0386 Q | Regular | Feb 14, 2018 | Mar 14, 2018 | Mar 15, 2018 | Mar 29, 2018 |
| $0.0389 Q | Regular | Nov 01, 2017 | Dec 14, 2017 | Dec 15, 2017 | Dec 29, 2017 |
| $0.0500 Q | Regular | Jul 28, 2017 | Sep 14, 2017 | Sep 15, 2017 | Sep 29, 2017 |
| $0.0378 Q | Regular | Apr 26, 2017 | Jun 13, 2017 | Jun 15, 2017 | Jun 30, 2017 |
| $0.0372 Q | Regular | Feb 16, 2017 | Mar 13, 2017 | Mar 15, 2017 | Mar 31, 2017 |
| $0.0376 Q | Regular | Oct 28, 2016 | Dec 13, 2016 | Dec 15, 2016 | Dec 30, 2016 |
| $0.0378 Q | Regular | Jul 28, 2016 | Sep 13, 2016 | Sep 15, 2016 | Sep 30, 2016 |
| $0.0390 Q | Regular | Apr 27, 2016 | Jun 13, 2016 | Jun 15, 2016 | Jun 30, 2016 |
| $0.0370 Q | Regular | Feb 11, 2016 | Mar 11, 2016 | Mar 15, 2016 | Mar 31, 2016 |
| $0.1170 Q | Regular | Oct 30, 2015 | Dec 11, 2015 | Dec 15, 2015 | Dec 31, 2015 |
| $0.1210 Q | Regular | Jul 30, 2015 | Sep 11, 2015 | Sep 15, 2015 | Sep 30, 2015 |
| $0.2662 Q | Regular | Apr 29, 2015 | Jun 11, 2015 | Jun 15, 2015 | Jun 30, 2015 |
| $0.2662 Q | Regular | Feb 12, 2015 | Mar 11, 2015 | Mar 13, 2015 | Mar 31, 2015 |
| $0.2662 Q | Regular | Oct 23, 2014 | Dec 11, 2014 | Dec 15, 2014 | Dec 31, 2014 |
| $0.2662 Q | Regular | Jul 30, 2014 | Sep 11, 2014 | Sep 15, 2014 | Sep 30, 2014 |
| $0.2662 Q | Regular | Apr 30, 2014 | Jun 11, 2014 | Jun 13, 2014 | Jun 30, 2014 |
| $0.2662 Q | Regular | Feb 13, 2014 | Mar 12, 2014 | Mar 14, 2014 | Mar 31, 2014 |
| $0.2420 Q | Regular | Oct 24, 2013 | Dec 11, 2013 | Dec 13, 2013 | Dec 31, 2013 |
| $0.2420 Q | Regular | Jul 24, 2013 | Sep 11, 2013 | Sep 13, 2013 | Sep 30, 2013 |
| $0.2420 Q | Regular | Apr 24, 2013 | Jun 12, 2013 | Jun 14, 2013 | Jun 28, 2013 |
| $0.2420 Q | Regular | Feb 14, 2013 | Mar 13, 2013 | Mar 15, 2013 | Mar 28, 2013 |
| $0.2200 Q | Regular | Oct 25, 2012 | Dec 12, 2012 | Dec 14, 2012 | Dec 31, 2012 |
| $0.2200 Q | Regular | Jul 25, 2012 | Sep 12, 2012 | Sep 14, 2012 | Sep 28, 2012 |
| $0.2200 Q | Regular | Apr 26, 2012 | Jun 13, 2012 | Jun 15, 2012 | Jun 29, 2012 |
| $0.2200 Q | Regular | Feb 17, 2012 | Mar 13, 2012 | Mar 15, 2012 | Mar 30, 2012 |
| $0.2000 Q | Regular | Oct 27, 2011 | Dec 13, 2011 | Dec 15, 2011 | Dec 30, 2011 |
| $0.2000 Q | Regular | Jul 27, 2011 | Sep 13, 2011 | Sep 15, 2011 | Sep 30, 2011 |
| $0.2000 Q | Regular | Apr 28, 2011 | Jun 13, 2011 | Jun 15, 2011 | Jun 30, 2011 |
| $0.2000 Q | Regular | Feb 22, 2011 | Mar 11, 2011 | Mar 15, 2011 | Mar 31, 2011 |
| $0.2000 Q | Regular | Oct 29, 2010 | Dec 13, 2010 | Dec 15, 2010 | Dec 31, 2010 |
| $0.2000 Q | Regular | Jul 30, 2010 | Sep 13, 2010 | Sep 15, 2010 | Sep 30, 2010 |
| $0.2000 Q | Regular | Apr 30, 2010 | Jun 11, 2010 | Jun 15, 2010 | Jun 30, 2010 |
| $0.2000 Q | Regular | Feb 18, 2010 | Mar 11, 2010 | Mar 15, 2010 | Mar 31, 2010 |
| $23.5500 W | Special | N/A | Dec 09, 2009 | N/A | N/A |
Peer Comparison
Selected Oil & Gas Integrated dividend payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| NFG | National Fuel Gas Company | 2.78% | 3.7% | 27 yrs | 71 |
| CVE.TO | Cenovus Energy Inc. | 1.89% | 65.7% | 5 yrs | 70 |
| REPYF | Repsol, S.A. | 3.67% | 3.4% | 3 yrs | 64 |
| TTE | TotalEnergies SE | 4.47% | 4.2% | 0 yrs | 63 |
Related Guides & Lists
CVE dividend — frequently asked questions
Does Cenovus Energy Inc. pay a dividend?
Yes. Cenovus Energy Inc. (CVE) currently pays a dividend. The annualized dividend is about $0.63 per share, a yield of approximately 1.92%.
What is Cenovus Energy Inc.'s dividend yield?
Cenovus Energy Inc.'s dividend yield is approximately 1.92%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does Cenovus Energy Inc. pay dividends?
Cenovus Energy Inc. pays dividends quarterly — 4 times per year.
How long has Cenovus Energy Inc. paid dividends?
Cenovus Energy Inc. has 16 years of dividend payments on record, and has increased its dividend for 5 consecutive years.
Data updated Oct 19, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.