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

NEW YORK ( TheStreet) -- The ex-dividend date for Cenovus Energy (NYSE: CVE) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $31.35 as of 10 a.m. ET, the dividend yield is 2.8%.

The average volume for Cenovus Energy has been 1.3 million shares per day over the past 30 days. Cenovus Energy has a market cap of $23.93 billion and is part of the basic materials sector and energy industry. Shares are down 10.5% year to date as of the close of trading on Monday.

Cenovus Energy Inc., an integrated oil company, together with its subsidiaries, 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 12.9, equal to the average energy industry P/E ratio and below 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 robust revenue growth, compelling growth in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and generally poor debt management. You can view the full Cenovus Energy Ratings Report.

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