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Derived from payout historyIncome reliability
Quarterly income profile is visible
CVE.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
CVE.TO
Cenovus Energy
EnergyPlain dividendQuarterly
Market Snapshot
$36.58
+$0.25 (68.81%)
Toronto
Yield
2.41%
Rate $0.88
Next Payment
Next pay in 7 days
Ex-date 2026-06-15
52wk Position
70.60%
-17.11% below high
Updated just now
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $22.00
- APR
- 0.601
- Coverage
- 0.601
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $22.00
- Cushion
- -$14.58
- Cushion %
- -39.86%
Current $36.58Break $22.00
Smart Recommendation
CVE.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Moderate
1mo agoDRIP availability
Available
1mo agoTax character
Eligible dividend
1mo agoDistribution history
1–5 yr track
1mo agoStructure complexity
Simple
1mo agoIncome trend
Growing
1mo agoAccount suitability
Non-reg: eligible div
1mo agoStructure Overview
Cenovus Energy (CVE) is an integrated Canadian oil company formed through the acquisition of Husky Energy in 2021. CVE's post-merger dividend policy targets a base dividend with variable returns (share buybacks and special distributions) when net debt falls below target. The 1–5 year post-merger track record replaces the pre-Husky history for planning purposes.
Canadian Planning Notes
- 1CVE's post-Husky dividend trajectory began in 2021; the short post-merger track record means historical pre-acquisition data provides limited forward guidance.
- 2Eligible dividends qualify for the tax credit; DRIP is available through major brokers.
- 3The variable return policy means dividend income can fluctuate; plan around the base dividend and treat variable returns as supplemental rather than recurring.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.