Cenovus Energy Inc.
CVECenovus Energy Inc. is a Canadian integrated oil and natural gas producer focused on the development, production, and marketing of conventional and oil sands resources. Established in 2009 through the merger of Encana Corporation's oil and gas assets with part of Hathaway Canada Inc., the company primarily operates in Alberta and British Columbia. Cenovus is known for its upstream oil and gas operations, including heavy crude oil and synthetic crude production, and has expanded into renewable energy initiatives.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| December 31, 2025 | $0.20 | 2025-12-15 | 2025-12-15 |
| September 29, 2025 | $0.20 | 2025-09-15 | 2025-09-15 |
| June 30, 2025 | $0.20 | 2025-06-13 | 2025-06-13 |
| March 31, 2025 | $0.18 | 2025-03-14 | 2025-03-14 |
| December 31, 2024 | $0.18 | 2024-12-13 | 2024-12-13 |
Dividends Summary
- Consistent Payer: Cenovus Energy Inc. has rewarded shareholders with 63 dividend payments over the past 16 years.
- Total Returned Value: Investors who held CVE shares during this period received a total of $8.77 per share in dividend income.
- Latest Payout: The most recent dividend of $0.20/share was paid 23 days ago, on December 31, 2025.
- Yield & Schedule: CVE currently pays dividends quarterly with an annual yield of 4.23%.
- Dividend Growth: Since 2009, the dividend payout has grown by 0.0%, from $0.20 to $0.20.
- Dividend Reliability: CVE has maintained or increased its dividend for 8 consecutive payments.
Company News
Cenovus Energy announced its 2026 capital budget of $5.0-5.3 billion, targeting upstream production growth of 4% and maintaining a focus on cost control, debt reduction, and shareholder returns following the MEG Energy acquisition.
Cenovus Energy has priced a $2.6 billion offering of senior unsecured notes across Canadian and U.S. dollar denominations, with varying coupon rates and maturities. The proceeds will be used to redeem existing notes and for general corporate purposes.
Cenovus Energy completed its acquisition of MEG Energy Corp., adding approximately 110,000 barrels per day of low-cost, long-life oil sands production to its portfolio for a total consideration of $4.19 billion.
Cenovus Energy has received TSX approval to renew its share buyback program, allowing purchase of up to 120,250,990 common shares over the next 12 months, consistent with its capital allocation strategy.
Cenovus Energy reported record upstream production of 832,900 BOE/d and downstream crude throughput of 710,700 bbls/d in Q3 2025. The company generated $2.1 billion in cash from operating activities and announced an amended agreement to acquire MEG Energy, with the transaction expected to close in mid-November.
