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This Canadian Oil Powerhouse Just Tripled Its Dividend, and There's Even Better News

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This Canadian Oil Powerhouse Just Tripled Its Dividend, and There's Even Better News: https://g.foolcdn.com/editorial/images/677147/gettyimages-683879828.jpg

Cenovus Energy (NYSE: CVE) delighted its investors with its latest earnings release, posting impressive operational results and announcing it was tripling its dividend.

Normally this would be the highlight of the earnings call in and of itself. But there's even better news here: Cenovus left the door open for more returns to shareholders, and it has plenty of room to comfortably increase the dividend from here.

Image source: Getty Images.

Source Fool.com

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