SmarterDividends
CVE

Cenovus Energy (CVE) Dividend

Cenovus Energy Inc. · Energy · Oil & Gas Integrated · quarterly payer

$28.44

Overvalued · -30% Add to Portfolio

As of Nov 5, 2026, Cenovus Energy (CVE) pays a quarterly dividend of $0.1580 per share, or $0.63 a year, a 2.21% yield at its $28.44 share price. It pays every quarter, usually in March, June and September. It has raised its dividend 4 years in a row and has a dividend safety grade of C.

Forward Yield

2.21%

Annual Dividend

$0.63

Payout Ratio

23%

5-Yr Growth

24.8%

Ex-Date

Sep 15, 2026

Frequency

Quarterly

Key facts about CVE's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Cenovus Energy Inc. (CVE) has a forward dividend yield of 2.21%, based on an annual dividend of $0.63 per share and a share price of $28.44.
  • As of Nov 5, 2026, CVE's dividend safety grade from SmarterDividends is C (59 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Cenovus Energy Inc. (CVE) has raised its dividend for 4 consecutive years as of Nov 5, 2026.
  • CVE last cut its regular dividend in 2021.
  • CVE's most recent ex-dividend date was Sep 15, 2026, for a dividend of $0.16 per share.
  • As of Nov 5, 2026, CVE pays out 23% of its trailing 12-month earnings as dividends (its payout ratio).
  • CVE's dividend has grown at an average rate of 24.8% a year over the past five years.
  • As of Nov 5, 2026, CVE's 2.21% yield is 12% above its five-year average yield of 1.98%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for CVE is $20.02 per share, 30% below the $28.44 share price, so CVE screens as overvalued.
  • Cenovus Energy Inc. (CVE) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "CVE Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/CVE

Is CVE a good dividend stock?

Yes, with caveats

Cenovus Energy Inc. (CVE) pays a quarterly dividend yielding 2.21% ($0.63/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (23%)
  • Strong 24.8% 5-yr dividend growth
  • 176% total price return over 5 years

Risks

  • Cut its dividend in 2021

Key Data

Dividend Yield
2.21%
Payout Ratio
23%
Annual Dividend
$0.63
5-Yr Avg Growth
24.8%
Ex-Dividend Date
Sep 15, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.55
Market Cap
$51.4B
P/E Ratio
10.9
5-Yr Total Return
176%
52-Week Range
$15.63 – $34.16
Dividend Safety
C · 59/100
Ever Cut?
Yes (2021)

CVE dividend changes

Cenovus Energy Inc. (CVE) pays a variable dividend: across the 64 payments on record since 2009, 23 were higher than the one before and 27 lower. The latest change was up 0.6% to $0.158 per share, going ex-dividend on Sep 15, 2026.

Ex-dateChangeOld → newMove
Sep 15, 2026Higher$0.157 → $0.158+0.6%
Jun 15, 2026Higher$0.147 → $0.157+6.8%
Jun 13, 2025Higher$0.125 → $0.147+17.6%
Mar 14, 2025Lower$0.127 → $0.125−1.6%
Dec 13, 2024Lower$0.133 → $0.127−4.5%
Sep 13, 2024Higher$0.131 → $0.133+1.5%
Jun 14, 2024Higher$0.0990 → $0.131+32.3%
May 16, 2024Lower$0.104 → $0.0990−4.8%
Dec 14, 2023Higher$0.103 → $0.104+1.0%
Sep 14, 2023Lower$0.105 → $0.103−1.9%
Jun 14, 2023Higher$0.0760 → $0.105+38.2%
Mar 14, 2023Lower$0.0780 → $0.0760−2.6%
Every CVE payment →Download every raise and cut (CSV)
CVE ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →CVE dividend historyEvery payment, totals by year, raises and cutsView →CVE dividend calculator100 shares pay $63.00 a year, $15.75 each quarterCalculate →CVE total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is CVE a good dividend stock?

Yes, with caveats. Cenovus Energy Inc. (CVE) pays a quarterly dividend yielding 2.21% ($0.63/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is CVE undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CVE's fair value is about $20.02 versus a $28.44 share price — so it looks overvalued (-30% vs. fair value).

Is CVE's dividend safe?

CVE has a dividend-safety grade of C (59/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

What is CVE's fair value?

Our blended fair-value estimate for CVE is about $20.02 per share, about 30% below the current $28.44 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CVE a buy, hold, or sell?

We don't issue formal ratings, but on the data CVE screens as "yes, with caveats" and overvalued. Cenovus Energy Inc. (CVE) pays a quarterly dividend yielding 2.21% ($0.63/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will CVE cut its dividend?

CVE earns a dividend-safety grade of C (59/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CVE pay a dividend?

Yes. Cenovus Energy Inc. pays a quarterly dividend of about $0.63 per share annually, a forward yield of roughly 2.21%.

How much dividend does 100 shares of CVE pay?

At $0.63 per share a year, 100 shares of CVE pay $63.00 a year in dividends before tax, about $15.75 each quarter. Buying them costs about $2,844 at the Nov 5, 2026 price.

What is CVE's dividend yield?

As of Nov 5, 2026, CVE's forward dividend yield is 2.21%, based on a $0.63 annual dividend and a $28.44 share price.

What is CVE's dividend per share?

As of Nov 5, 2026, CVE pays $0.63 per share per year, distributed on a quarterly basis.

What is CVE's dividend payout ratio?

As of Nov 5, 2026, CVE's payout ratio is 23% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has CVE grown its dividend?

As of Nov 5, 2026, CVE has increased its dividend for 4 consecutive years.

When is the next CVE ex-dividend date?

As of Nov 5, 2026, CVE's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $0.16 per share.

CVE Dividend News

CVE
IncreaseCVE·Jun 16, 2026

Cenovus Energy Raises Quarterly Dividend 6.8% to $0.157

Cenovus Energy raised its quarterly dividend 6.8% to $0.157 per share as stronger cash generation supported shareholder returns and debt reduction.

Income Calculator

At $0.63 / yr per share

Per payment (quarterly)$15.75
Annual$63.00
Monthly avg$5.25
Full CVE dividend calculator →

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