CVE Dividend History & Analysis | 3.6% Yield

CVE has a dividend yield of 3.6% and paid 0.56 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.57%
Payout Ratio 48.9%
Growth Rate CAGR 5y 68.63%
Consistency Lifetime 80.9%
Yield on Cost 5y 9.56%
Payout FCF 49.8%
Streak Years 17
Dividend Rating 77.19%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 43.4%
Total Return 5y: 260.3%

Top Dividend Payers in Integrated Oil & Gas

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
PBR 84,279 M 10.3% 37.6%
EC 26,967 M 16.7% 24.6%
EQNR 66,059 M 7.38% 16.6%
TTE 155,008 M 6.04% 16.3%
TTE 155,118 M 5.92% 15.3%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
OXY 44,719 M 121% 91.6%
EC 26,967 M 101% 66.8%
IMO 56,160 M 25.9% 92.0%
EQNR 66,059 M 31.1% 90.2%
SU 64,262 M 18.5% 73.5%

Quality Dividend Peers in Integrated Oil & Gas

EQNR
Equinor ASA
 7.38% Yield
TTE
TotalEnergies SE
 6.04% Yield
IMO
Imperial Oil
 2.65% Yield
SU
Suncor Energy
 4.24% Yield
TTE
TotalEnergies SE
 5.92% Yield

CVE Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-15 2025-12-15 2025-12-31 Quarterly 0.1422 -2% 0.8%
2025-09-15 2025-09-15 2025-09-29 Quarterly 0.145 1% 0.87%
2025-06-13 2025-06-13 2025-06-30 Quarterly 0.1436 13.3% 0.96%
2025-03-14 2025-03-14 2025-03-31 Quarterly 0.1267 -0.5% 0.97%
2024-12-13 2024-12-13 2024-12-31 Quarterly 0.1273 -3.8% 0.85%
2024-09-13 2024-09-13 2024-09-27 Quarterly 0.1324 1.1% 0.82%
2024-06-14 2024-06-14 2024-06-28 Quarterly 0.131 33.6% 0.71%
2024-05-16 2024-05-17 2024-05-31 Other 0.0981 -5.6% 0.48%
2024-03-14 2024-03-15 2024-03-28 Quarterly 0.1039 0.8% 0.56%
2023-12-14 2023-12-15 2023-12-29 Quarterly 0.1031 -0.3% 0.63%
2023-09-14 2023-09-15 2023-09-29 Quarterly 0.1035 -1.7% 0.5%
2023-06-14 2023-06-15 2023-06-30 Quarterly 0.1053 37.3% 0.61%
2023-03-14 2023-03-15 2023-03-31 Quarterly 0.0767 -0.4% 0.45%
2022-12-14 2022-12-15 2022-12-30 Quarterly 0.077 -7.9% 0.42%
2022-11-17 2022-11-18 2022-12-02 Other 0.0836 4.4% 0.41%
2022-09-14 2022-09-15 2022-09-15 Quarterly 0.0801 -1.8% 0.43%
2022-06-14 2022-06-15 2022-06-30 Quarterly 0.0816 196% 0.36%
2022-03-14 2022-03-15 2022-03-31 Quarterly 0.0276 0.9% 0.17%
2021-12-14 2021-12-15 2021-12-31 Quarterly 0.0273 97.5% 0.23%
2021-09-14 2021-09-15 2021-09-30 Quarterly 0.0138 -4% 0.16%
2021-06-14 2021-06-15 2021-06-30 Quarterly 0.0144 3.5% 0.14%
2021-03-12 2021-03-15 2021-03-31 Quarterly 0.0139 -69.4% 0.17%
2020-03-12 2020-03-13 2020-03-31 Quarterly 0.0455 -3.9% N/A
2019-12-12 2019-12-13 2019-12-31 Quarterly 0.0473 24.8% N/A
2019-09-12 2019-09-13 2019-09-30 Quarterly 0.0379 1% N/A
2019-06-13 2019-06-14 2019-06-28 Quarterly 0.0375 -0.1% N/A
2019-03-14 2019-03-15 2019-03-29 Quarterly 0.0376 0.3% N/A
2018-12-13 2018-12-14 2018-12-31 Quarterly 0.0374 -2.6% N/A
2018-09-13 2018-09-14 2018-09-28 Quarterly 0.0384 0.2% N/A
2018-06-14 2018-06-15 2018-06-29 Quarterly 0.0384 -0.7% N/A
2018-03-14 2018-03-15 2018-03-29 Quarterly 0.0386 -0.8% N/A
2017-12-14 2017-12-15 2017-12-29 Quarterly 0.0389 -5.1% N/A
2017-09-14 2017-09-15 2017-09-29 Quarterly 0.041 8.5% N/A
2017-06-13 2017-06-15 2017-06-30 Quarterly 0.0378 1.7% N/A
2017-03-13 2017-03-15 2017-03-31 Quarterly 0.0372 -2.5% N/A
2016-12-13 2016-12-15 2016-12-30 Quarterly 0.0381 0.3% N/A
2016-09-13 2016-09-15 2016-09-30 Quarterly 0.038 -3% N/A
2016-06-13 2016-06-15 2016-06-30 Quarterly 0.0392 3.8% N/A
2016-03-11 2016-03-15 2016-03-31 Quarterly 0.0378 -67.7% N/A
2015-12-11 2015-12-15 2015-12-31 Quarterly 0.1167 -2.9% N/A
2015-09-11 2015-09-15 2015-09-30 Quarterly 0.1203 -44.4% N/A
2015-06-11 2015-06-15 2015-06-30 Quarterly 0.2163 3.7% N/A
2015-03-11 2015-03-13 2015-03-31 Quarterly 0.2086 -9.7% N/A
2014-12-11 2014-12-15 2014-12-31 Quarterly 0.2309 -4.5% N/A
2014-09-11 2014-09-15 2014-09-30 Quarterly 0.2417 -1.3% N/A
2014-06-11 2014-06-13 2014-06-30 Quarterly 0.2448 2.4% N/A
2014-03-12 2014-03-14 2014-03-31 Quarterly 0.2391 4.9% N/A
2013-12-11 2013-12-13 2013-12-31 Quarterly 0.2281 -2.9% N/A
2013-09-11 2013-09-13 2013-09-30 Quarterly 0.235 -1.1% N/A
2013-06-12 2013-06-14 2013-06-28 Quarterly 0.2377 0% N/A

CVE Dividend FAQ

Cenovus Energy Inc. (NYSE:CVE) is an integrated upstream-downstream oil and gas company operating in Canada, the United States, and China. Its business is split into Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments, with core bitumen and heavy-oil production coming from the Foster Creek, Christina Lake, Sunrise, and Lloydminster projects.

What is the Dividend Yield of CVE?

As of February 2026, CVE`s dividend yield is 3.57%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.56 USD by the current share price of 21.01.

Does CVE pay a dividend?

As of February 2026, CVE paid a dividend of 0.56 USD in the last 12 months. The last dividend was paid on 2025-12-15 and the payout was 0.14216 USD.

How often does CVE pay dividends?

CVE pays dividends quarterly. Over the last 12 months, CVE has issued 4 dividend payments. The last dividend payment was made on 2025-12-15.

CVE dividend forecast

Based on historical data, the forecasted dividends per share for CVE for the next 4 payments are between 0.021 (-85.2%) and 0.021 (-85.2%).
This represents a significant dividend cut compared to the last payment.

Will CVE pay dividends in 2026?

The latest dividend paid per share was 0.14216 USD with an Ex-Dividend Date of 2025-12-15. The next Ex-Dividend date for Cenovus Energy (CVE) is currently unknown.

What is the next Ex-Dividend Date for CVE?

The next Ex-Dividend date for Cenovus Energy (CVE) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of CVE?

CVE's average dividend growth rate over the past 5 years is 68.6% per year.
Strong growth: CVE's Dividend growth is outpacing inflation.

What is the Yield on Cost of CVE?

CVE's 5-Year Yield on Cost is 9.56%. If you bought CVE's shares at 5.83 USD five years ago, your current annual dividend income (0.56 USD per share, trailing 12 months) equals 9.56% of your original purchase price.

What is the Payout Consistency of CVE?

CVE Payout Consistency is 80.9%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Moderately consistent: Cenovus Energy has a good track record of consistent dividend payments over its lifetime.

Does CVE have a good Dividend Yield?

CVE`s 3.57% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of CVE?

The Dividend Payout Ratio of CVE is 48.9%. Healthy - Leaves room for growth and provides some protection to maintain dividends even in a recession.

What is the Dividend Rating of CVE?

CVE`s Overall Dividend Rating is 77.19%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

CVE Outstanding Shares Analysis

What is the Trend in CVE's Outstanding Shares?

Cenovus Energy's outstanding shares have decreased by approximately 2.4% annually over the past 3 years (Trend Reliability: -100.0%).

Shareholder-friendly: The company is actively buying back shares, reducing the share count. This increases earnings per share and often leads to higher dividends per share over time, as profits are distributed among fewer shareholders.

Has CVE ever had a Stock Split?

No stock splits on record. The share count changes shown above reflect buybacks, new issuance, or employee compensation rather than structural splits.

Year Number of Shares Annual Growth Rate
2008 751,000,000
2009 751,500,000 +0.07%
2010 753,200,000 +0.23%
2011 757,100,000 +0.52%
2012 758,300,000 +0.16%
2013 757,200,000 -0.15%
2014 757,100,000 -0.01%
2015 833,400,000 +10.08%
2016 833,300,000 -0.01%
2017 1,228,800,000 +47.46%
2018 1,228,900,000 +0.01%
2019 1,229,150,000 +0.02%
2020 1,228,900,000 -0.02%
2021 1,637,000,000 +33.21%
2022 2,025,600,000 +23.74%
2023 1,882,051,300 -7.09%
2024 1,863,312,000 -1%
2025 1,792,780,000 -3.79%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-02-03 04:21