Cenovus Energy Stock To Go Ex-dividend Tomorrow (CVE)

NEW YORK ( TheStreet) -- The ex-dividend date for Cenovus Energy (NYSE: CVE) is tomorrow, December 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $33.05 as of 9:50 a.m. ET, the dividend yield is 2.4%.

The average volume for Cenovus Energy has been 1.6 million shares per day over the past 30 days. Cenovus Energy has a market cap of $24.74 billion and is part of the basic materials sector and energy industry. Shares are up 1.5% year to date as of the close of trading on Friday.

Cenovus Energy Inc. engages in the development, production, and marketing of bitumen, crude oil, natural gas, and natural gas liquids (NGLs) in Canada with refining operations in the United States. The company has a P/E ratio of 21.7, above the average energy industry P/E ratio of 18.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cenovus Energy as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Cenovus Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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