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: |
| $39.95 | $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
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 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 | -- |
| 2020-01-27 | Split | 1-5-for-1 Stock Split | N/A |
| 2019-12-12 | Dividend | $0.09 | +394.74% |
| 2019-09-12 | Dividend | $0.02 | -- |
| 2019-06-13 | Dividend | $0.02 | -- |
| 2019-03-14 | Dividend | $0.02 | +26.67% |
| 2018-12-13 | Dividend | $0.02 | -- |
| 2018-09-13 | Dividend | $0.02 | -- |
| 2018-06-14 | Dividend | $0.02 | -- |
| 2018-03-14 | Dividend | $0.02 | -- |
| 2017-12-14 | Dividend | $0.02 | -- |
| 2017-09-14 | Dividend | $0.02 | -- |
| 2017-06-13 | Dividend | $0.02 | -- |
| 2017-03-13 | Dividend | $0.02 | -- |
| 2016-12-13 | Dividend | $0.02 | -- |
| 2016-09-13 | Dividend | $0.02 | -- |
| 2016-06-13 | Dividend | $0.02 | -- |
| 2016-03-11 | Dividend | $0.02 | -78.57% |
| 2015-12-11 | Dividend | $0.07 | -- |
| 2015-09-11 | Dividend | $0.07 | -- |
| 2015-06-11 | Dividend | $0.07 | -- |
| 2015-03-11 | Dividend | $0.07 | -- |
| 2014-12-11 | Dividend | $0.07 | -- |
| 2014-09-11 | Dividend | $0.07 | -- |
| 2014-06-11 | Dividend | $0.07 | -- |
| 2014-03-12 | Dividend | $0.07 | -- |
| 2013-12-11 | Dividend | $0.07 | -65.00% |
| 2013-09-11 | Dividend | $0.20 | -- |
| 2013-06-12 | Dividend | $0.20 | -- |
| 2013-03-13 | Dividend | $0.20 | -- |
| 2012-12-12 | Dividend | $0.20 | -- |
| 2012-09-12 | Dividend | $0.20 | -- |
| 2012-06-13 | Dividend | $0.20 | -- |
| 2012-03-13 | Dividend | $0.20 | -- |
| 2011-12-13 | Dividend | $0.20 | -- |
| 2011-09-13 | Dividend | $0.20 | -- |
| 2011-06-13 | Dividend | $0.20 | -- |
| 2011-03-11 | Dividend | $0.20 | -- |
| 2010-12-13 | Dividend | $0.20 | -- |
| 2010-09-13 | Dividend | $0.20 | -- |
| 2010-06-11 | Dividend | $0.20 | -- |
| 2010-03-11 | Dividend | $0.20 | -- |
| 2009-12-17 | Dividend | $0.20 | -99.16% |
| 2009-12-09 | Dividend | $23.75 | +5,837.50% |
| 2009-09-11 | Dividend | $0.40 | -- |
| 2009-06-11 | Dividend | $0.40 | -- |
| 2009-03-12 | Dividend | $0.40 | -- |
| 2008-12-11 | Dividend | $0.40 | -- |
| 2008-09-11 | Dividend | $0.40 | -- |
| 2008-06-11 | Dividend | $0.40 | -- |
| 2008-03-12 | Dividend | $0.40 | +100.00% |
| 2007-12-12 | Dividend | $0.20 | -- |
| 2007-09-12 | Dividend | $0.20 | -- |
| 2007-06-13 | Dividend | $0.20 | -- |
| 2007-03-13 | Dividend | $0.20 | +100.00% |
| 2006-12-13 | Dividend | $0.10 | -- |
| 2006-09-13 | Dividend | $0.10 | -- |
| 2006-06-13 | Dividend | $0.10 | +33.33% |
| 2006-03-13 | Dividend | $0.08 | -- |
| 2005-12-13 | Dividend | $0.08 | -- |
| 2005-09-13 | Dividend | $0.08 | -- |
| 2005-06-13 | Dividend | $0.08 | +60.00% |
| 2005-05-23 | Split | 2-1-for-1 Stock Split | N/A |
| 2005-03-11 | Dividend | $0.10 | -- |
| 2004-12-13 | Dividend | $0.10 | -- |
| 2004-09-13 | Dividend | $0.10 | -- |
| 2004-06-14 | Dividend | $0.10 | -- |
| 2004-03-11 | Dividend | $0.10 | +30.55% |
| 2003-12-10 | Dividend | $0.08 | +9.43% |
| 2003-09-10 | Dividend | $0.07 | -- |
| 2003-06-11 | Dividend | $0.07 | -- |
| 2003-03-12 | Dividend | $0.07 | +16.67% |
| 2002-12-11 | Dividend | $0.06 | -- |
| 2002-09-11 | Dividend | $0.06 | -- |
| 2002-06-12 | Dividend | $0.06 | -- |
OVV Dividends vs. Peers
OVV's dividend yield currently ranks #8 of 68 vs. its peers in the Foreign Oil & Gas category.