Ovintiv Inc. (NYSE:OVV – Get Free Report) declared a quarterly dividend on Monday, May 11th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.30 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, June 15th.
Ovintiv has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 4 years. Ovintiv has a dividend payout ratio of 21.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ovintiv to earn $6.51 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 18.4%.
Ovintiv Stock Performance
Shares of Ovintiv stock opened at $59.07 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $16.74 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.94 and a beta of 0.57. The business has a fifty day simple moving average of $56.70 and a two-hundred day simple moving average of $46.53. Ovintiv has a 12 month low of $34.88 and a 12 month high of $63.46.
About Ovintiv
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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