CNQ.TO CDN NATURAL RES

Energy · Oil & Gas E&P

8 · Strong Momentum 10.0 · Strong Watch 9y streak

68.48

-0.74%

About the company

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.

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3.65%

44.48%

2.50

141.2B

12.19

5.62

57.25

52-week range

68.5

low 40.8 high 71.0

Dividend deep dive

CDN Natural Res (CNQ.TO) is an Oil & Gas E&P company within the Energy sector, with a market capitalization of CAD 127.12 billion. It currently offers a dividend yield of 4.1%. Based on Yield Theory, the stock is considered overvalued as its current yield is at the lower end of its 5-year range, which spanned from a low of 4.1% to a high of 5.39%. The company is recognized as a 'Challenger' in the CCC dividend classification, having increased its dividend for 9 consecutive years.

Dividend history

CDN Natural Res has a notable dividend increase streak of 9 years, establishing its status as a CCC Challenger. The company distributes dividends on a quarterly basis. It has demonstrated robust dividend growth, evidenced by a 3-year compound annual growth rate (CAGR) of 16.18% and a 5-year CAGR of 23.09%. Annual dividend payments have steadily climbed from CAD 0.4407 in 2014 to CAD 1.80 in 2023. Projections show further increases, with CAD 2.10 for 2024 and CAD 2.352 for 2025, highlighting its consistent commitment to dividend growth.