Cenovus Energy, Inc.

Cenovus Energy Inc. Preferred Stock 2.404% Perpetual is a type of equity investment issued by Cenovus Energy Inc., a Canadian integrated oil and natural gas company. This preferred stock offers investors a fixed dividend rate of 2.404% per annum, providing a steady income stream compared to common stocks. As perpetual preferred stock, it does not have a maturity date, meaning the dividend payments continue indefinitely unless the issuer decides to redeem the shares. Cenovus Energy Inc. operates in key sectors such as oil sands and refining, impacting energy markets, especially in North America. This preferred stock holds a significant role in the market by providing a lower-risk investment option for those interested in the energy sector while offering participation in the company's capital structure without the volatility typically associated with common shares. It appeals to income-focused investors looking for stability and reliable yield over a long-term horizon.