Ovintiv Inc. (OVV) to Issue Quarterly Dividend of $0.30 on September 29th

Ovintiv Inc. (NYSE:OVV) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, September 15th will be paid a dividend of 0.30 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, September 15th.

Ovintiv has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Ovintiv has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ovintiv to earn $6.49 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 18.5%.

Ovintiv Price Performance

Shares of OVV stock opened at $63.62 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50-day moving average is $61.68 and its two-hundred day moving average is $58.12. Ovintiv has a 12 month low of $35.47 and a 12 month high of $67.51. The company has a market capitalization of $17.53 billion, a PE ratio of 17.97 and a beta of 0.53.

Ovintiv (NYSE:OVV) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.20). The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Ovintiv had a net margin of 9.43% and a return on equity of 14.84%. Analysts predict that Ovintiv will post 7.3 earnings per share for the current year.

More Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS estimate to $1.47 from $1.45 and its Q4 2026 forecast to $1.49 from $1.47. It also increased its FY2026 estimate to $6.70 from $6.66, suggesting somewhat stronger expected near-term operating performance.
• Positive Sentiment: Forecasts for 2027 were also lifted: Q1 EPS rose to $1.31 from $1.29, Q2 to $1.26 from $1.24, Q3 to $1.25 from $1.24, Q4 to $1.29 from $1.27, and full-year EPS to $5.11 from $5.03. These revisions indicate improved expectations across the year.
• Positive Sentiment: Zacks increased its Q1 2028 EPS estimate to $1.45 from $1.43 and FY2028 EPS to $6.57 from $6.51. The firm also raised its Q2 2028 estimate to $1.99 from $1.97 in an earlier note, extending the favorable revisions into the longer term.
• Neutral Sentiment: Despite the higher forecasts, Zacks retained its Hold rating. Its current full-year consensus estimate remains $7.30 per share, so the revisions represent incremental optimism rather than a major change in the investment view.
• Neutral Sentiment: Stifel Nicolaus issued a new rating on Ovintiv, but the supplied headline does not identify the rating or price target. Ovintiv Receives a New Rating from Stifel Nicolaus

Ovintiv Company Profile

Ovintiv Inc is an independent North American energy company engaged primarily in the exploration, development, production and acquisition of oil, condensate, natural gas liquids and natural gas. Its portfolio is focused on unconventional, or shale, resource plays, with operations designed to produce a mix of higher-value liquids and natural gas.

The company’s principal assets are located in the United States and Canada. Its U.S. operations include positions in the Permian Basin of west Texas and New Mexico, the Uinta Basin of Utah and the Anadarko Basin of Oklahoma, while its Canadian operations include properties in Alberta’s Montney and Duvernay formations.