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Stock impact report

Ovintiv (NYSE:OVV) Has Affirmed Its Dividend Of $0.30 [Yahoo! Finance]

Ovintiv Inc. (DE) (OVV) 
Last ovintiv inc. (de) earnings: 2/19 08:54 pm Check Earnings Report
Company Research Source: Yahoo! Finance
This payment means the dividend yield will be 3.0%, which is below the average for the industry. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If it is predictable over a long period, even low dividend yields can be attractive. Based on the last payment, earnings were actually smaller than the dividend, and the company was actually spending more cash than it was making. Paying out such a large dividend compared to earnings while also not generating free cash flows is a major warning sign for the sustainability of the dividend as these levels are certainly a bit high. Analysts expect a massive rise in earnings per share in the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 18%, which would make us comfortable with the dividend's sustainability, despite the levels currently being elevated. See our latest analysis for Ovintiv While the company has been paying a Show less Read more
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