Trailing Dividend / Share
$0.78
Cenovus Energy Inc. (CVE) Dividend History
Income profile from 2009 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.6%
Payout Ratio
36.2%
Sustainable
Dividend Streak
0 years
3-Second Income Check
Safety
36.2% payout ratio with sustainable safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 9.0% and trend is rising.
Dividend Scorecard
Yield & Income
Dividend Yield2.6%
Trailing DPS$0.78
FrequencyAnnual
Payments / 12M5
Payout Safety
Earnings Payout36.2%
Earnings SafetySustainable
FCF Payout50.3%
FCF SafetyAdequate
Piotroski F-Score6/9
Growth
Growth Streak0 years
3Y CAGR16.7%
5Y CAGR65.4%
Yield on Cost (5Y)9.0%
YOC Trendrising
Total Returns
Buyback Yield4.3%
Total Shareholder Yield6.9%
1Y Total Return65.2%
5Y Total Return226.6%
Div Contribution (5Y)26.4%
Estimated $10K growth (return + dividends):
5Y ago$32,66410Y ago$21,85620Y ago$21,499
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). CVE's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
Income Growth Story
Dividend per share and yield on cost over time (18 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Cenovus Energy Inc. distributes 36.2% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 50.3%, rated "Adequate".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
CVE does not have a current streak of consecutive dividend increases, with a 3-year CAGR of 16.7% and 5-year CAGR of 65.4%.
Total Shareholder Returns
Beyond cash dividends, CVE returns capital through share repurchases. The combined picture: 2.6% dividend yield, 4.3% buyback yield, 6.9% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 9.0% and is currently rising. The 5-year total return is 226.6%, with dividends contributing 26.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $21,856 today.
Recent Dividend Payments
Last 20 payments · Annual
TTM Total$2.06
Avg/Payment$0.1032
Latest Change+0.7%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 13, 2026Latest | $0.1462 | ↑ +0.7% | 2.62% | Mar 31, 2026 |
| Dec 15, 2025 | $0.1452 | ↑ +0.1% | 3.16% | Dec 31, 2025 |
| Sep 15, 2025 | $0.1451 | ↓ -1.4% | 3.14% | Sep 29, 2025 |
| Jun 13, 2025 | $0.1472 | ↑ +22.6% | 3.55% | Jun 30, 2025 |
| Mar 14, 2025 | $0.1200 | ↓ -5.0% | 4.52% | Mar 31, 2025 |
| Dec 13, 2024 | $0.1264 | ↓ -5.0% | 3.89% | Dec 31, 2024 |
| Sep 13, 2024 | $0.1330 | ↑ +1.5% | 3.53% | Sep 27, 2024 |
| Jun 14, 2024 | $0.1310 | ↑ +32.2% | 2.97% | Jun 28, 2024 |
Dividend Peer Comparison
Peer group: Oil sands and heavy oil integrated producers
#2 yield in peer group
Div Yield
2.6%
#2 of 3
Safety
Sustainable
36.2% payout
Streak
0Y
65.4% 5Y CAGR
Total Shareholder
6.9%
#1 of 3
Annual Dividend History
19 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.15 | — | 1 | — | — | — | 2.4% |
| 2025 | $0.56 | -6.1% | 4 | $2.15 | 25.9% | 3.86x | 9.0% |
| 2024 | $0.59 | 52.8% | 5 | $1.67 | 35.5% | 2.81x | 9.6% |
| 2023 | $0.39 | 10.7% | 4 | $2.12 | 18.3% | 5.46x | 6.3% |
| 2022 | $0.35 | 405.5% | 5 | $3.20 | 11.0% | 9.12x | 5.7% |
| 2021 | $0.07 | 54.1% | 4 | $0.29 | 23.9% | 4.18x | 1.1% |
| 2020 | $0.05 | -73.9% | 1 | $-1.94 | — | — | 0.7% |
| 2019 | $0.17 | 4.0% | 4 | $1.78 | 9.7% | 10.31x | 2.8% |
| 2018 | $0.17 | 7.1% | 4 | $-2.17 | — | — | 2.7% |
| 2017 | $0.15 | 2.3% | 4 | $3.05 | 5.1% | 19.69x | 2.5% |
See CVE's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonFrequently Asked Questions
How much dividend does CVE pay per share?
Cenovus Energy Inc. (CVE) pays a trailing 12-month dividend of $0.78 per share, with a current dividend yield of +2.6%. Payments are made Annual.
When is CVE's next ex-dividend date?
CVE's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. CVE typically pays dividends Annual.
Is CVE's dividend safe?
CVE's dividend safety is rated "Sustainable" based on an earnings payout ratio of +36.2% and FCF payout ratio of +50.3%. The dividend history does not yet show a prolonged growth streak.
How many years has CVE increased its dividend?
CVE has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is +65.4%.
How often does CVE pay dividends?
Cenovus Energy Inc. pays dividends Annual. The trailing 12-month total is $0.78 per share. Dividend data on this page covers 17+ years from 2009 to 2026.
How much would $10,000 invested in CVE grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in CVE five years ago would be worth approximately $32,664 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is CVE's yield on cost for long-term holders?
CVE's yield on cost — the current dividend divided by the original purchase price — is +9.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.6% market yield, thanks to consistent dividend growth.