Cenovus Energy (TSE:CVE) has released an update.
Cenovus Energy Inc. reported robust first-quarter 2024 results with strong production across its upstream assets and high operational availability in its downstream assets, leveraging improved U.S. benchmark pricing. The company is set to reward shareholders with a 29% increase in its base dividend to $0.72 per share annually, alongside a variable dividend of $0.135 per share, underpinned by a stable financial framework. President & CEO Jon McKenzie emphasized a continued focus on safety, deleveraging the balance sheet, increasing shareholder returns, and progressing in decarbonization and growth initiatives.
For further insights into TSE:CVE stock, check out TipRanks’ Stock Analysis page.
