Cenovus Energy to Redeem Series 3 Shares

Cenovus Energy (TSE:CVE) has released an update.

Cenovus Energy has announced it will redeem its Series 3 Preferred Shares at $25 per share, totaling $250 million, on December 31, 2024. The redemption will be funded primarily from cash on hand and will include the final dividend payment of $0.29306 per share. This move signifies a strategic financial decision by the company, impacting investors as the year comes to a close.

For further insights into TSE:CVE stock, check out TipRanks’ Stock Analysis page.