Ovintiv Inc. (TSE:OVV) to Issue Quarterly Dividend of $0.30

Key Points

• Ovintiv declared a quarterly dividend of $0.30 per share, with an ex-dividend date of March 13 and a record/payment date of March 31, implying an annualized dividend yield of about 1.6%.
• Shares jumped about 3.2% to C$74.15 on mid-day trading; the company has a market capitalization of C$21.01 billion and a PE ratio of 15.51, while volume (182,086) was below its average (412,454) and the price sits at its 12‑month high.

Ovintiv Inc. (TSE:OVV - Get Free Report) announced a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.30 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, March 13th.

Ovintiv Trading Up 3.2%

Shares of OVV stock traded up C$2.29 during mid-day trading on Wednesday, reaching C$74.15. The company's stock had a trading volume of 182,086 shares, compared to its average volume of 412,454. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 67.25. The firm has a market capitalization of C$21.01 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 0.05 and a beta of 1.06. The company's 50 day simple moving average is C$61.44 and its 200-day simple moving average is C$57.36. Ovintiv has a 12-month low of C$42.35 and a 12-month high of C$74.15.

About Ovintiv

Ovintiv Inc is a leading North American exploration and production (E&P) company focused on developing its high-quality, multi-basin portfolio. Ovintiv works to safely produce crude oil and natural gas-products that make modern life possible for all. The Company is focused on creating long-term shareholder value while contributing to the strength and sustainability of the communities where it operates.

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