Cenovus Energy, Inc.

Cenovus Energy Inc. Preferred Stock 4.59% Perpetual is a type of equity security that represents ownership in Cenovus Energy, a Canadian integrated oil company known for its oil production and refining operations. This specific preferred stock offers a fixed dividend rate of 4.59%, appealing to investors seeking regular income. Unlike common stocks, preferred stocks typically do not come with voting rights, but they have a higher claim on assets and earnings. This perpetual stock has no maturity date, meaning it can remain an ongoing part of an investor's portfolio indefinitely. It plays an essential role in the financial markets by providing companies like Cenovus with a means to raise capital while offering investors a relatively stable income stream compared to traditional equities. These preferred shares are particularly influential in sectors like energy, where companies often require significant capital investments and seek ways to optimize their capital structure.