Dividends

Dividends per common share Record date Payment date Exchange rates at record date
2014 26.62 cents (C$0.2662) June 13 June 30 Q2
C$1 = US$0.9201
26.62 cents (C$0.2662) March 14 March 31 Q1 C$1 = US$0.9020
2013 24.2 cents (C$0.242) December 13 December 31 Q4
C$1 = US$0.9438
24.2 cents (C$0.242) September 13 September 30 Q3 C$1 = US$0.9670
24.2 cents (C$0.242) June 14 June 28 Q2 C$1 = US$0.9826
24.2 cents (C$0.242) March 15 March 28 Q1 C$1 = US$0.9811
2012 22 cents (C$0.22) December 14 December 31 Q4 C$1 = US$1.0142
22 cents (C$0.22) September 14 September 28 Q3 C$1 = US$1.0299
22 cents (C$0.22) June 15 June 29 Q2
C$1 = US$0.9762
22 cents (C$0.22) March 15 March 30 Q1 C$1 = US$1.0072
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

For "registered" shareholders
(for all accounts noted on the shareholder register maintained by Computershare Investor Services Inc.)

  • 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 non-Canadian "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 for shareholders filing a U.S. income tax return

If you are required to file a U.S. income tax return please read the information below which has been updated with respect to the American Taxpayer Relief Act of 2012: Cenovus is a Qualified Foreign Corporation and 100% of our dividends qualify for the reduced tax rates that are applicable to Qualified Dividends. Qualified Dividends are subject to the same 0%, 15%, or 20% maximum tax rates that apply 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 a 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.