Ovintiv Inc. (OVV) Dividends
Dividend Yield and Dividend History Highlights
- OVV has an EBITDA to net debt ratio of -0.56; for context, that's better than just 2.39% stocks in our set.
- If price volatilty is something you're paying attention to when building your dividend portfolio, know that OVV has less fluctuation in its price than 2.88% of stocks we're observing.
- As for stocks whose price is uncorrelated with OVV's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: ENIA, MTA, UGP, HCC and PEGA.
OVV Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $33.86 | $14.59 | -72.21% |
For dividend yielding stocks, the Dividend Discount Model (DDM) is a common valuation tool; it attempts to extrapolate a fair share price based primarily on the dividend the stock provides relative to a number of other quantiative aspects of its business. Regarding Ovintiv Inc, the dividend discount model StockNews created for the company implies a negative return of 72.21%. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Ovintiv Inc are:
- If we compare the valuation opportunity a dividend discount model provides relative to other dividend stocks in the Energy sector, the expected return of -72.21%, based on the stock's current share price and target price based on a dividend discount model, is greater than 9.52% of the DDM-forecasted return of its its sector peers.
- Compared to all dividend issuing stocks in our set, Ovintiv Inc bears a discount rate, according to our calculations, lower than 9.52% of them (lower discount rates are generally perceived as positive, and a sign of lower risk).
- Beta, which compares volatilty of an individual stock to that of the S&P 500, is lower for Ovintiv Inc than it is for only 11.43% of other dividend issuers in the Energy sector.
- In terms of who is growing the amount of dividends they return to shareholders, OVV boasts a higher growth rate in terms of its annual cash distributed to its owners than only 15.68% of the dividend issuers in our set.
OVV Dividend History
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Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2025-03-14 | Dividend | $0.30 | -- |
| 2024-12-13 | Dividend | $0.30 | -- |
| 2024-09-13 | Dividend | $0.30 | -- |
| 2024-06-14 | Dividend | $0.30 | -- |
| 2024-03-14 | Dividend | $0.30 | -- |
| 2023-12-14 | Dividend | $0.30 | -- |
| 2023-09-14 | Dividend | $0.30 | -- |
| 2023-06-14 | Dividend | $0.30 | +20.00% |
| 2023-03-14 | Dividend | $0.25 | -- |
| 2022-12-14 | Dividend | $0.25 | -- |
| 2022-09-14 | Dividend | $0.25 | -- |
| 2022-06-14 | Dividend | $0.25 | +25.00% |
| 2022-03-14 | Dividend | $0.20 | +42.86% |
| 2021-12-14 | Dividend | $0.14 | -- |
| 2021-09-14 | Dividend | $0.14 | +48.94% |
| 2021-06-14 | Dividend | $0.09 | -- |
| 2020-12-14 | Dividend | $0.09 | -- |
| 2020-09-14 | Dividend | $0.09 | -- |
| 2020-06-12 | Dividend | $0.09 | -- |
| 2020-03-12 | Dividend | $0.09 | -- |
OVV Dividends vs. Peers
OVV's dividend yield currently ranks #8 of 68 vs. its peers in the Foreign Oil & Gas category.