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
2.2%
Payout Ratio
36.2%
Sustainable
Dividend Streak
5 years
CVE Dividend Income Check
Safety
36.2% payout ratio with sustainable safety profile.
Consistency
5 straight years of dividend increases.
Income Trend
Yield on cost is 9.1% and trend is rising.
CVE Dividend Scorecard
Yield & Income
Dividend Yield2.2%
Trailing DPS$0.78
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout36.2%
Earnings SafetySustainable
FCF Payout33.8%
FCF SafetyWell Covered
Piotroski F-Score6/9
Growth
Growth Streak5 years
3Y CAGR17.0%
5Y CAGR65.7%
Yield on Cost (5Y)9.1%
YOC Trendrising
Total Returns
Buyback Yield3.7%
Total Shareholder Yield5.9%
1Y Total Return75.9%
5Y Total Return183.3%
Div Contribution (5Y)23.2%
Estimated $10K growth (return + dividends):
5Y ago$28,33410Y ago$19,25920Y ago$22,763
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.
CVE Income Growth Story
Dividend per share and yield on cost over time (18 years of payments)
CVE Dividend Safety Story
EPS is the container — dividend is what's drawn out
Get CVE's next ex-dividend date and payout in your inbox
Monthly dividend calendar — upcoming ex-dates for stocks you follow.
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 33.8%, rated "Well Covered".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
CVE has raised its dividend for 5 consecutive years, with a 3-year CAGR of 17.0% and 5-year CAGR of 65.7%.
Total Shareholder Returns
Beyond cash dividends, CVE returns capital through share repurchases. The combined picture: 2.2% dividend yield, 3.7% buyback yield, 5.9% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 9.1% and is currently rising. The 5-year total return is 183.3%, with dividends contributing 23.2% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $19,259 today.
CVE Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$2.20
Avg/Payment$0.1099
Latest Change+8.0%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 15, 2026Latest | $0.1573 | ↑ +8.0% | 2.19% | Jun 30, 2026 |
| Mar 13, 2026 | $0.1456 | ↑ +0.2% | 2.51% | Mar 31, 2026 |
| Dec 15, 2025 | $0.1453 | ↑ +0.3% | 3.19% | Dec 31, 2025 |
| Sep 15, 2025 | $0.1449 | ↓ -1.6% | 3.17% | Sep 29, 2025 |
| Jun 13, 2025 | $0.1473 | ↑ +17.7% | 3.58% | Jun 30, 2025 |
| Mar 14, 2025 | $0.1252 | ↓ -0.9% | 4.55% | Mar 31, 2025 |
| Dec 13, 2024 | $0.1264 | ↓ -4.6% | 3.89% | Dec 31, 2024 |
| Sep 13, 2024 | $0.1325 | ↑ +1.1% | 3.52% | Sep 27, 2024 |
CVE Dividend vs Peers
Comparable companies in the same industry
#5 yield in peer group
Div Yield
2.2%
#5 of 9
Safety
Sustainable
36.2% payout
Streak
5Y
65.7% 5Y CAGR
Total Shareholder
5.9%
#4 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| CVECenovus Energy Inc. | $47.4B | 2.2% | 36.2% | 5 | Sustainable |
3rd  SUSuncor Energy Inc. | $65.7B | 2.9% | 47.4% | 10 | Sustainable |
1st  CNQCanadian Natural Res… | $85.6B | 4.0% | 45.0% | 10 | Sustainable |
 IMOImperial Oil Limited | $56.0B | 1.7% | 42.9% | 8 | Sustainable |
 MEGMontrose Environment… | $566M | 0.8% | — | 0 | Unknown |
 MPCMarathon Petroleum C… | $70.9B | 1.5% | 28.2% | 4 | Sustainable |
 PSXPhillips 66 | $66.6B | 2.8% | 43.7% | 14 | Sustainable |
 VLOValero Energy Corpor… | $70.7B | 1.9% | 59.8% | 3 | Sustainable |
2nd  PBFPBF Energy Inc. | $4.4B | 3.0% | — | 3 | Unknown |
CVE Annual Dividend History (2008–2026)
19 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.30 | — | 2 | — | — | — | 4.9% |
| 2025 | $0.56 | -5.1% | 4 | $2.15 | 26.2% | 3.82x | 9.1% |
| 2024 | $0.59 | 52.7% | 5 | $1.67 | 35.5% | 2.82x | 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% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into CVE consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
17+ years return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
CVE — Frequently Asked Questions
Quick answers to the most common questions about buying CVE stock.
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 +2.2%. Payments are made Semi-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 Semi-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 +33.8%. The 5-year growth streak provides moderate confidence.
Is CVE a Dividend Payer?
Yes, Cenovus Energy Inc. is classified as a Dividend Payer with 5 consecutive years of dividend increases. The 5-year dividend CAGR is +65.7%, demonstrating above-inflation dividend growth.
How often does CVE pay dividends?
Cenovus Energy Inc. pays dividends Semi-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 $28,334 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 +9.1% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.2% market yield, thanks to consistent dividend growth.