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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Cenovus Energy (NYSE: CVE) is tomorrow, March 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $32.23 as of 3:21 p.m. ET, the dividend yield is 3%.

The average volume for Cenovus Energy has been 951,500 shares per day over the past 30 days. Cenovus Energy has a market cap of $23.98 billion and is part of the basic materials sector and energy industry. Shares are down 4.8% 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 24, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cenovus Energy as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cenovus Energy Ratings Report.

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