Ovintiv Inc. (OVV) Raises Quarterly Dividend 42.9% to $0.20; 2% Yield

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Go back to Ovintiv Inc. (OVV) Raises Quarterly Dividend 42.9% to $0.20; 2% Yield

Ovintiv Reports Fourth Quarter and Year-end 2021 Financial and Operating Results

February 24, 2022 5:30 PM EST

Company Increases Quarterly Dividend by 43%; Underpinned by Leading 2022 Capital Efficiency

Highlights:

Generated full year net earnings of $1.4 billion, cash from operating activities of $3.1 billion, Non-GAAP Cash Flow of $3.2 billion and Non-GAAP Free Cash Flow of $1.7 billion Reduced Net Debt by approximately $2.3 billion; expect to reach $3 billion Net Debt target in the second half of 2022 assuming $85 per barrel for WTI oil and $4.50 per thousand cubic feet ("Mcf") for NYMEX natural gas Announced a 43% increase to quarterly dividend payments; now $0.80 per share annualized Continued substantial share... More