The latest announcement is out from Cenovus Energy ( (TSE:CVE) ).
Cenovus Energy announced its decision to redeem all 8 million of its 4.591% Series 5 Preferred Shares on March 31, 2025, at a price of $25.00 per share, totaling $200 million. This strategic financial move, funded primarily from cash on hand, will conclude with a final dividend payment on the shares, reflecting Cenovus’s ongoing efforts to optimize its capital structure and enhance shareholder value.
More about Cenovus Energy
Cenovus Energy Inc. is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta. The company is involved in the production of oil sands, conventional oil, and natural gas, with a focus on sustainable energy development and innovation in the energy sector.
YTD Price Performance: -9.08%
Average Trading Volume: 9,310,252
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $25.35B
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