Ovintiv Inc. (NYSE:OVV – Get Free Report) declared a quarterly dividend on Monday, February 23rd. Shareholders of record on Friday, March 13th will be paid a dividend of 0.30 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, March 13th.
Ovintiv has raised its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Ovintiv has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ovintiv to earn $5.39 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 22.3%.
Ovintiv Trading Down 1.5%
NYSE:OVV opened at $50.05 on Wednesday. The firm has a market capitalization of $12.68 billion, a P/E ratio of 10.34, a PEG ratio of 2.86 and a beta of 0.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.45 and a quick ratio of 0.45. Ovintiv has a one year low of $29.80 and a one year high of $51.60. The company’s 50-day simple moving average is $42.16 and its 200 day simple moving average is $40.63.
Ovintiv Company Profile
Ovintiv Inc is a North American energy company focused on the exploration, development and production of oil, natural gas and natural gas liquids. Formerly known as Encana Corporation, the company rebranded as Ovintiv in January 2020 and established its headquarters in Denver, Colorado. Ovintiv’s upstream portfolio spans multiple unconventional resource plays, reflecting a strategy centered on high-return projects and disciplined capital allocation.
The company’s core business activities include the acquisition and development of acreage in major shale basins across the United States and Canada.
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