Ovintiv Inc. (TSE:OVV) Declares $0.30 Quarterly Dividend

Ovintiv Inc. (TSE:OVV) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.30 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, June 15th.

Ovintiv Price Performance

TSE:OVV traded up C$1.35 during midday trading on Friday, hitting C$80.24. 196,287 shares of the stock were exchanged, compared to its average volume of 300,937. Ovintiv has a one year low of C$50.13 and a one year high of C$86.86. The company has a market capitalization of C$22.55 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 0.05 and a beta of 0.44. The business has a 50-day moving average price of C$79.53 and a two-hundred day moving average price of C$68.57. The company has a current ratio of 0.56, a quick ratio of 0.51 and a debt-to-equity ratio of 66.59.

Ovintiv (TSE:OVV) last announced its earnings results on Monday, May 11th. The company reported C($3.27) EPS for the quarter. Ovintiv had a return on equity of 7.13% and a net margin of 8.59%.The firm had revenue of C$3.52 billion for the quarter. Sell-side analysts predict that Ovintiv will post 5.6577693 EPS for the current year.

Ovintiv Company Profile

Ovintiv Inc is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.