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home / news releases / cenovus energy 29 dividend hike is just the beginnin

CVE - Cenovus Energy: 29% Dividend Hike Is Just The Beginning

Cenovus Energy Inc

2024-06-05 11:45:36 ET

Summary

  • Cenovus Energy has raised its dividend by 29% due to declining debt levels and strong free cash generation.
  • The company's oil sands operations generate attractive cash flows with low break-even costs.
  • Cenovus plans to increase production and expects to grow its dividend at an annual rate of 13-14% in the coming years.

Article Thesis

For further details see:

Cenovus Energy: 29% Dividend Hike Is Just The Beginning
Stock Information
Company Name: Cenovus Energy Inc
Stock Symbol: CVE
Market: NYSE
Website: cenovus.com
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