Dividends
| Dividends per common share | Record date | Payment date | Exchange rates at record date | ||
| 2011 | 20 cents (C$0.20) | December 15 | December 30 | Q4 | C$1 = US$0.9674 |
| 20 cents (C$0.20) | September 15 | September 30 | Q3 | C$1 = US$1.0133 | |
| 20 cents (C$0.20) | June 15 | June 30 | Q2 | C$1 = US$1.0225 | |
| 20 cents (C$0.20) | March 15 | March 31 | Q1 | C$1 = US$1.0173 | |
| 2010 | 20 cents (C$0.20) | December 15 | December 31 | Q4 | C$1 = US$0.9965 |
| 20 cents (C$0.20) | September 15 | September 30 | Q3 | C$1 = US$0.9726 | |
| 20 cents (C$0.20) | June 15 | June 30 | Q2 | C$1 = US$0.9720 | |
| 20 cents (C$0.20) | March 15 | March 31 | Q1 | C$1 = US$0.9788 | |
| 2009 | 20 cents (US$0.20) | December 21 | December 31 | ||
Canadian dollar dividend payments — updated information on payment of dividends
For "registered" shareholders
(for all accounts noted on the shareholder register maintained by CIBC Mellon Trust Company)
- Canadian addresses - Dividends payable to shareholders (including individuals or intermediary accounts) with a "registered" address in Canada shall be paid in the declared currency of Canadian dollars.
- U.S. and other addresses - Dividends payable to all other "registered" shareholder addresses shall be converted into and paid in U.S. funds at the rate quoted for U.S. funds by the Bank of Canada at noon on the record date.
For "beneficial" shareholders
(for shareholders whose shares are held via a broker or investment dealer who is a participant in either a Canadian or a U.S. depository)
- Participants in a Canadian Depository - Dividends payable to a Canadian depository, such as CDS & Co., shall be paid in the declared currency of Canadian dollars.
- Participants in a U.S. Depository - Dividends payable to a U.S. depository, such as Cede & Co., shall be converted into and paid in U.S. funds at the rate quoted for U.S. funds by the Bank of Canada at noon on the record date.
Eligible dividends for Canadian tax purposes
Cenovus Energy Inc. hereby advises all shareholders that, effective from November 30, 2009, all dividends paid on its common shares will be designated as "eligible dividends" for Canadian income tax purposes. This designation will apply until a notification of a change is posted on this website.
For more information regarding the designation of dividends, please refer to the Canada Revenue Agency release dated December 20, 2006. If you have any questions regarding the taxation of eligible dividends, please contact your local office of the Canada Revenue Agency.
1099-DIV information relating to the United States Jobs and Growth Tax Relief Reconciliation Act of 2003:
If you are required to file a U.S. tax return please read the information below: In relation to the United States Jobs and Growth Tax Relief Reconciliation Act of 2003 it has been determined that Cenovus is a Qualified Foreign Corporation and 100% of our dividends will qualify for the reduced rates. Currently, qualified dividends are subject to the same 0% or 15% maximum tax rate that applies to net capital gains. In order to qualify for the capital gains rates, a shareholder must own the stock for more than 60 days during the 120-day period beginning 60 days before the ex-dividend date. For more information on this act or the 1099-DIV form please visit http://www.irs.gov or contact an accountant or professional tax advisor.
Declarations of dividends
The declaration and payment of dividends is at the discretion of the Cenovus Board which will consider earnings, capital requirements, the financial condition of Cenovus and other relevant factors.
