Ovintiv Inc. (OVV) Dividends

Ovintiv Inc. (OVV): $53.74

1.12 (-2.04%)

POWR Rating

Component Grades

Momentum

C

Stability

D

Sentiment

Quality

C

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Industry: Foreign Oil & Gas

Industry

A

Ranked

#30 of 40

in industry

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
2.19%
OVV Annual Dividend
$1.20
OVV Payout Ratio

OVV Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$53.74$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
2024-03-14Dividend$0.30--
2023-12-14Dividend$0.30--
2023-09-14Dividend$0.30--
2023-06-14Dividend$0.30+20.00%
2023-03-14Dividend$0.25--
2022-12-14Dividend$0.25--
2022-09-14Dividend$0.25--
2022-06-14Dividend$0.25+25.00%
2022-03-14Dividend$0.20+42.86%
2021-12-14Dividend$0.14--
2021-09-14Dividend$0.14+48.94%
2021-06-14Dividend$0.09--
2020-12-14Dividend$0.09--
2020-09-14Dividend$0.09--
2020-06-12Dividend$0.09--
2020-03-12Dividend$0.09--
2020-01-27Split1-5-for-1 Stock SplitN/A
2019-12-12Dividend$0.09+394.74%
2019-09-12Dividend$0.02--
2019-06-13Dividend$0.02--
2019-03-14Dividend$0.02+26.67%
2018-12-13Dividend$0.02--
2018-09-13Dividend$0.02--
2018-06-14Dividend$0.02--
2018-03-14Dividend$0.02--
2017-12-14Dividend$0.02--
2017-09-14Dividend$0.02--
2017-06-13Dividend$0.02--
2017-03-13Dividend$0.02--
2016-12-13Dividend$0.02--
2016-09-13Dividend$0.02--
2016-06-13Dividend$0.02--
2016-03-11Dividend$0.02-78.57%
2015-12-11Dividend$0.07--
2015-09-11Dividend$0.07--
2015-06-11Dividend$0.07--
2015-03-11Dividend$0.07--
2014-12-11Dividend$0.07--
2014-09-11Dividend$0.07--
2014-06-11Dividend$0.07--
2014-03-12Dividend$0.07--
2013-12-11Dividend$0.07-65.00%
2013-09-11Dividend$0.20--
2013-06-12Dividend$0.20--
2013-03-13Dividend$0.20--
2012-12-12Dividend$0.20--
2012-09-12Dividend$0.20--
2012-06-13Dividend$0.20--
2012-03-13Dividend$0.20--
2011-12-13Dividend$0.20--
2011-09-13Dividend$0.20--
2011-06-13Dividend$0.20--
2011-03-11Dividend$0.20--
2010-12-13Dividend$0.20--
2010-09-13Dividend$0.20--
2010-06-11Dividend$0.20--
2010-03-11Dividend$0.20--
2009-12-17Dividend$0.20-99.16%
2009-12-09Dividend$23.75+5,837.50%
2009-09-11Dividend$0.40--
2009-06-11Dividend$0.40--
2009-03-12Dividend$0.40--
2008-12-11Dividend$0.40--
2008-09-11Dividend$0.40--
2008-06-11Dividend$0.40--
2008-03-12Dividend$0.40+100.00%
2007-12-12Dividend$0.20--
2007-09-12Dividend$0.20--
2007-06-13Dividend$0.20--
2007-03-13Dividend$0.20+100.00%
2006-12-13Dividend$0.10--
2006-09-13Dividend$0.10--
2006-06-13Dividend$0.10+33.33%
2006-03-13Dividend$0.08--
2005-12-13Dividend$0.08--
2005-09-13Dividend$0.08--
2005-06-13Dividend$0.08+60.00%
2005-05-23Split2-1-for-1 Stock SplitN/A
2005-03-11Dividend$0.10--
2004-12-13Dividend$0.10--
2004-09-13Dividend$0.10--
2004-06-14Dividend$0.10--
2004-03-11Dividend$0.10+30.55%
2003-12-10Dividend$0.08+9.43%
2003-09-10Dividend$0.07--
2003-06-11Dividend$0.07--
2003-03-12Dividend$0.07+16.67%
2002-12-11Dividend$0.06--
2002-09-11Dividend$0.06--
2002-06-12Dividend$0.06--


OVV Dividends vs. Peers

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

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