Ovintiv Inc. (OVV) Dividends

Ovintiv Inc. (OVV): $44.98

-1.41 (-3.04%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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 Ex-Dividend Date
OVV Dividend Yield
2.16%
OVV Annual Dividend
$1.00
OVV Payout Ratio

OVV Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$44.98$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 Chart


OVV Dividend History

Ex-Dividend Date Type Payout Amount Change
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OVV Dividends vs. Peers

OVV's dividend yield currently ranks #30 of 68 vs. its peers in the Foreign Oil & Gas category.
Rank Symbol Name Dividend Yield
1 LUKOY LUKOIL PJSC 109.34%
2 PBR.A Petroleo Brasileiro S/A ADR A 35.43%
3 PBR Petroleo Brasileiro S/A ADR 31.73%
4 GZPFY Public Joint Stock Company Gazprom Neft 30.36%
5 OGZPY Gazprom PJSC 24.55%
6 EC Ecopetrol S.A. ADR 13.62%
7 PTRCY PetroChina 12.57%
8 WDS Woodside Energy Group Ltd 8.65%
9 SGTZY Surgutneftegas PJSC 8.06%
10 ENB Enbridge Inc. 6.38%
11 TRP TC Energy Corp. 6.36%
12 PBA Pembina Pipeline Corp. Ordinary Shares (Canada) 5.63%
13 PTR Petroneft Resources PLC 5.44%
14 TOT Total Energy Services Inc. 4.62%
15 CNQ Canadian Natural Resources Ltd. 4.37%
16 BP BP PLC ADR 4.04%
17 SSL Sasol Ltd. ADR 3.97%
18 REPYY Repsol S.A. ADR 3.80%
19 CEO CNOOC Limited 3.78%
20 RDS.A Royal Dutch Shell PLC 3.76%
21 RDS.B Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) 3.76%
22 GPRK GeoPark Ltd. 3.63%
23 CPG Crescent Point Energy Corp. 3.46%
24 VOPKY Koninklijke Vopak NV 3.38%
25 TGA TransGlobe Energy Corp. 2.69%
26 IMO Imperial Oil Ltd. 2.60%
27 UGP Ultrapar Participacoes S/A ADR 2.50%
28 GLPEY Galp Energia, SGPS, S.A. 2.47%
29 EQNR Equinor ASA ADR 2.34%
30 OVV Ovintiv Inc. 2.16%
31 E ENI S.p.A. ADR 2.14%
32 ECA Encana Corporation 2.11%
33 VET Vermilion Energy Inc. 1.68%
34 IPXHY Inpex Corporation 1.45%
35 ERF Enerplus Corporation 1.32%
36 TGS Transportadora de Gas del Sur S.A. ADR 0.00%
37 FI Frank's International N.V. 0.00%
38 KOS Kosmos Energy Ltd. 0.00%
39 PZE Petrobras Argentina S.A. ADS 0.00%
40 ISRL Isramco, Inc. 0.00%
41 ZNOG Zion Oil & Gas, Inc. 0.00%
42 ZN Zion Oil 0.00%
43 YPF YPF Sociedad Anonima 0.00%
44 BXE Bellatrix Exploration Ltd (Canada) 0.00%
45 BROG Brooge Energy Limited 0.00%
46 VIST Vista Oil & Gas S.A.B. de C.V. ADR 0.00%
47 INDO Indonesia Energy Corp. Ltd. 0.00%
48 PGH Pengrowth Energy Corporation 0.00%
49 GTE Gran Tierra Energy Inc. 0.00%
50 SAPMY Saipem S.p.A. 0.00%
51 MGYOY MOL Hungarian Oil and Gas PLC 0.00%
52 SSLZY Santos Limited 0.00%
53 PARXF Parex Resources Inc. 0.00%
54 PEYUF Peyto Exploration & Development Corporation 0.00%
55 PKIUF Parkland Corporation of Canada 0.00%
56 GENGF Gear Energy Ltd. 0.00%
57 TRMLF Tourmaline Oil Corp. 0.00%
58 CWEGF Crew Energy Inc. 0.00%
59 NOVKY NovaTek PJSC 0.00%
60 KEYUF Keyera Corp. 0.00%
61 NTOIY Neste Oyj 0.00%
62 OISHY Oil Search Limited 0.00%
63 OJSCY Rosneft Oil Company 0.00%
64 CTXAY Ampol Limited 0.00%
65 MEGEF MEG Energy Corporation 0.00%
66 OMVKY OMV AG 0.00%
67 PREKF PrairieSky Royalty Ltd 0.00%
68 RECAF Reconnaissance Energy Africa Ltd. 0.00%

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