Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) announced a quarterly dividend on Thursday, November 2nd, RTT News reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.05 per share on Friday, December 29th. This represents a $0.20 annualized dividend and a yield of 1.60%.

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Several equities research analysts have recently issued reports on the company. National Bank Financial raised their price objective on Cenovus Energy from C$11.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Tuesday, September 26th. Canaccord Genuity raised their price objective on Cenovus Energy from C$14.50 to C$15.00 in a research note on Tuesday, September 26th. Barclays PLC raised their price objective on Cenovus Energy from C$15.00 to C$17.00 and gave the company an “overweight” rating in a research note on Tuesday, September 26th. CIBC raised their price objective on Cenovus Energy from C$12.50 to C$14.50 in a research note on Monday, October 2nd. Finally, J P Morgan Chase & Co raised their price objective on Cenovus Energy from C$11.00 to C$11.50 in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$16.38.

Cenovus Energy Company Profile

Dividend History for Cenovus Energy (TSE:CVE)

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