Cenovus Energy Inc.
CVEEnergy · Stock · quarterly payer
Forward Yield
2.21%
Annual Dividend
$0.62
Payout Ratio
23%
5-Yr Growth
24.8%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Summary
As of August 2026, Cenovus Energy Inc. (CVE) yields 2.21% ($0.62 per share annually), with a blended fair-value estimate of $48.06 — +70% upside, so it screens as undervalued. Dividend safety grade: C (59/100). 4 years of dividend growth.
Is CVE a good dividend stock?
Yes, with caveatsCenovus Energy Inc. (CVE) pays a quarterly dividend yielding 2.21% ($0.62/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
- 241% total price return over 5 years
Risks
- Cut its dividend in 2021
Key Data
- Dividend Yield
- 2.21%
- Payout Ratio
- 23%
- Annual Dividend
- $0.62
- 5-Yr Avg Growth
- 24.8%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.49
- Market Cap
- $52.1B
- P/E Ratio
- 11.0
- 5-Yr Total Return
- 241%
- 52-Week Range
- $14.49 – $32.07
- Dividend Safety
- C · 59/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
CVE Price — Last 12 Months
Daily close
Price Return
1 Year
+70%
3 Years
+42%
5 Years
+241%
52-Week Range
$14.49 – $32.07
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CVE worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Cenovus Energy Inc. is $48.06 per share, versus a market price of $28.25. That implies 70% of upside — a margin of safety of about 41%.
Fair Value
$48.06
Current Price
$28.25
Upside
+70%
Margin of Safety
41%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -3.9% annual free-cash-flow growth. We model 10.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 10.0% stage-1 growth, 2.5% terminal growth, $2.57 EPS, $0.62 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CVE Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $0.1570 | regular |
| Mar 13, 2026 | — | $0.1470 | regular |
| Jun 13, 2025 | — | $0.1470 | regular |
| Mar 14, 2025 | — | $0.1250 | regular |
| Dec 13, 2024 | — | $0.1270 | regular |
| Sep 13, 2024 | — | $0.1330 | regular |
| Jun 14, 2024 | — | $0.1310 | regular |
| May 16, 2024 | — | $0.0990 | regular |
| Mar 14, 2024 | — | $0.1040 | regular |
| Dec 14, 2023 | — | $0.1040 | regular |
| Sep 14, 2023 | — | $0.1030 | regular |
| Jun 14, 2023 | — | $0.1050 | regular |
| Mar 14, 2023 | — | $0.0760 | regular |
| Dec 14, 2022 | — | $0.0780 | regular |
Income Calculator
At $0.62 / yr per share
