Ovintiv Inc. to Issue Quarterly Dividend of $0.41 (TSE:OVV)

Ovintiv Inc. (TSE:OVV) announced a quarterly dividend on Friday, December 13th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.406 per share on Tuesday, December 31st. This represents a $1.62 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, December 13th.

Ovintiv Price Performance

Shares of Ovintiv stock opened at C$58.62 on Wednesday. The stock’s fifty day moving average is C$58.96 and its 200 day moving average is C$60.35. Ovintiv has a one year low of C$49.74 and a one year high of C$76.63. The company has a debt-to-equity ratio of 67.70, a quick ratio of 0.51 and a current ratio of 0.44. The stock has a market cap of C$15.45 billion, a P/E ratio of 6.00, a P/E/G ratio of 0.05 and a beta of 2.63.

Analyst Ratings Changes

Separately, Siebert Williams Shank upgraded Ovintiv to a “strong-buy” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$58.50.

About Ovintiv

Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.