Looking at the universe of stocks we cover at Dividend Channel , on 3/14/18, Encana Corp (Symbol: ECA), Devon Energy Corp. (Symbol: DVN), and Cenovus Energy Inc. (Symbol: CVE) will all trade ex-dividend for their respective upcoming dividends. Encana Corp will pay its quarterly dividend of $0.015 on 3/29/18, Devon Energy Corp. will pay its quarterly dividend of $0.06 on 3/29/18, and Cenovus Energy Inc. will pay its quarterly dividend of $0.05 on 3/29/18. As a percentage of ECA's recent stock price of $10.98, this dividend works out to approximately 0.14%, so look for shares of Encana Corp to trade 0.14% lower - all else being equal - when ECA shares open for trading on 3/14/18. Similarly, investors should look for DVN to open 0.18% lower in price and for CVE to open 0.61% lower, all else being equal.
Below are dividend history charts for ECA, DVN, and CVE, showing historical dividends prior to the most recent ones declared.
Encana Corp (Symbol: ECA) :
Devon Energy Corp. (Symbol: DVN) :
Cenovus Energy Inc. (Symbol: CVE) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.55% for Encana Corp, 0.73% for Devon Energy Corp., and 2.45% for Cenovus Energy Inc..
In Monday trading, Encana Corp shares are currently up about 0.2%, Devon Energy Corp. shares are up about 0.3%, and Cenovus Energy Inc. shares are down about 0.2% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
