Cenovus Energy (CVE) Tops Q1 EPS by 25c; To Triple Dividend

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Go back to Cenovus Energy (CVE) Tops Q1 EPS by 25c; To Triple Dividend

Cenovus announces shareholder returns plan, triples dividend

April 27, 2022 6:00 AM EDT

CALGARY, Alberta, April 27, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is further increasing shareholder returns on the strength of its balance sheet and ongoing reliability of its operating performance. The companys Board of Directors has approved tripling the base dividend starting with the second quarter of 2022, as well as a plan for additional increases to shareholder returns. Beyond the base dividend increase, Cenovus will target to return 50% of quarterly excess free funds flow to shareholders when reported net debt is less than $9... More