Cenovus Energy Dividend and Recent Developments: Key Insights Before Jun 13, 2025

Cenovus Energy has announced a dividend of $0.144 per share, with an ex-dividend date set for Jun 13, 2025, and a payment date on Jun 30, 2025. This dividend is higher compared to the average of the last ten dividends, which stood at approximately $0.122 per share. The announcement was made on May 8, 2025. Previously, the company issued a dividend of $0.127 per share on Mar 31, 2025. Both dividends are categorized as cash dividends.

Recently, Cenovus Energy has been in the spotlight following the announcement of the redemption of its Series 7 Preferred Shares on Jun 2, 2025. This development is part of the company's ongoing efforts to optimize its capital structure. Over the past week, market analysts have adjusted their price targets for Cenovus Energy, reflecting evolving investor sentiment. Notably, a research report released recently lowered the price target from C$24.50 to C$22.50 while maintaining a "buy" rating, indicating confidence in the company's future performance despite the adjustment.

In addition, Cenovus Energy has announced that it will release its first-quarter 2025 results on May 8, 2025. Investors are keenly awaiting these results as they will provide insights into the company's ongoing financial health and operational effectiveness. The anticipation surrounding the earnings report has contributed to heightened attention to Cenovus Energy's stock, as stakeholders assess the implications for the company's market position and profitability.

As investors consider their positions, it's important to note that Jun 13, 2025, is the last day to purchase Cenovus Energy stock and be eligible for the upcoming dividend. Any acquisitions made after this date will not qualify for the dividend payment.