Cenovus reports Q1 profit up from year ago, raises quarterly base dividend

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Cenovus Energy Inc.,First-Quarter Profit,Diluted Share

CALGARY — Cenovus Energy Inc. raised its dividend as it reported a first-quarter profit of $1.18 billion, up from $636 million a year ago. The company says...

CALGARY — Cenovus Energy Inc. raised its dividend as it reported a first-quarter profit of $1.18 billion, up from $636 million a year ago.

Cenovus also declared a variable dividend payment of 13.5 cents per share to shareholders of record on May 17 that will be payable on May 31. Enbridge stock has barely moved in the last few years, with ongoing issues. But there are still reasons that could make it work for investors. The post 3 Reasons to Buy Enbridge Stock Like There’s No Tomorrow appeared first on The Motley Fool Canada.It costs you less to trade US stocks at Interactive Brokers than at other brokers. Your capital is at risk.Do you have some extra cash to spare? These three discounted stocks are poised for a rebound.

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