Dividends – Canadian Natural Resources (2024)

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Dividend Policy

Canadian Natural’s dividend policy undergoes a periodic review by the Board of Directors and is subject to change at any time depending upon the earnings of the Company, its financial requirements and other factors existing at the time. Prior to 2001, dividends had not been paid on the common shares of the Company. On January 17, 2001 the Board of Directors approved a dividend policy for the payment of a regular quarterly dividend.

Eligible Dividend Designation – pursuant to subsection 89(14) of the Income Tax Act of Canada (ITA) each dividend paid by Canadian Natural Resources Limited on or after January 1, 2006 qualifies as an eligible dividend for Canadian income tax purposes, as defined in subsection 89(1) of the ITA.

History of dividends

Record DatePayment DateAmount*
March 15, 2024April 5, 2024$1.05
Record DatePayment DateAmount*
December 8, 2023January 5, 2024$1.00
September 15, 2023October 5, 2023$0.90
June 16, 2023July 5, 2023$0.90
March 17, 2023April 5, 2023$0.90
Record DatePayment DateAmount*
December 16, 2022January 5, 2023$0.85
September 16, 2022October 5, 2022$0.75
August 23, 2022 SpecialDividendAugust 31, 2022$1.50
June 17, 2022July 5, 2022$0.75
March 18, 2022April 5, 2022$0.75
Record DatePayment DateAmount*
December 10, 2021January 5, 2022$0.5875
September 17, 2021October 5, 2021$0.47
June 18, 2021July 5, 2021$0.47
March 19, 2021April 5, 2021$0.47
Record DatePayment DateAmount*
December 9, 2020January 5, 2021$0.4250
September 18, 2020October 5, 2020$0.4250
June 12, 2020July 1, 2020$0.4250
March 20, 2020April 1, 2020$0.4250
Record DatePayment DateAmount*
December 11, 2019January 1, 2020$0.3750
September 13, 2019October 1, 2019$0.3750
June 14, 2019July 1, 2019$0.3750
March 22, 2019April 1, 2019$0.3750
Record DatePayment DateAmount*
December 10, 2018January 1, 2019$0.3350
September 14, 2018October 1, 2018$0.3350
June 15, 2018July 1, 2018$0.3350
March 16, 2018April 1, 2018$0.3350

View dividend information for previous years.

Record DatePayment DateAmount*
December 12, 2017January 1, 2018$0.2750
September 15, 2017October 1, 2017$0.2750
June 16, 2017July 1, 2017$0.2750
March 17, 2017April 1, 2017$0.2750
Record DatePayment DateAmount*
December 9, 2016January 1, 2017$0.2500
September 16, 2016October 1, 2016$0.2300
June 17, 2016July 1, 2016$0.2300
March 18, 2016April 1, 2016$0.2300
Record DatePayment DateAmount*
December 11, 2015December 31, 2015$0.2300
September 11, 2015October 1, 2015$0.2300
June 12, 2015July 1, 2015$0.2300
March 16, 2015April 1, 2015$0.2300
Record DatePayment DateAmount*
December 12, 2014January 1, 2015$0.2250
September 12, 2014October 1, 2014$0.2250
June 13, 2014July 1, 2014$0.2250
March 17, 2014April 1, 2014$0.2250
Record DatePayment DateAmount*
December 13, 2013January 1, 2014$0.2000
September 13, 2013October 1, 2013$0.1250
June 14, 2013July 1, 2013$0.1250
March 18, 2013April 1, 2013$0.1250
Record DatePayment DateAmount*
December 14, 2012January 1, 2013$0.1050
September 14, 2012October 1, 2012$0.1050
June 15, 2012July 1, 2012$0.1050
March 19, 2012April 1, 2012$0.1050
Record DatePayment DateAmount*
December 16, 2011January 1, 2012$0.0900
September 16, 2011October 1, 2011$0.0900
June 17, 2011July 1, 2011$0.0900
March 18, 2011April 1, 2011$0.0900
Record DatePayment DateAmount*
December 17, 2010January 1, 2011$0.0750
September 17, 2010October 1, 2010$0.0750
June 11, 2010July 1, 2010$0.0750
March 12, 2010April 1, 2010$0.0750
Record DatePayment DateAmount*
December 11, 2009January 1, 2010$0.0525
September 11, 2009October 1, 2009$0.0525
June 12, 2009July 1, 2009$0.0525
March 13, 2009April 1, 2009$0.0525
Record DatePayment DateAmount*
December 12, 2008January 1, 2009$0.0500
September 12, 2008October 1, 2008$0.0500
June 13, 2008July 1, 2008$0.0500
March 14, 2008April 1, 2008$0.0500
Record DatePayment DateAmount*
December 14, 2007January 1, 2008$0.0425
September 14, 2007October 1, 2007$0.0425
June 15, 2007July 1, 2007$0.0425
March 16, 2007April 1, 2007$0.0425
Record DatePayment DateAmount*
December 15, 2006January 1, 2007$0.0375
September 15, 2006October 1, 2006$0.0375
June 16, 2006July 1, 2006$0.0375
March 17, 2006April 1, 2006$0.0375
Record DatePayment DateAmount*
December 16, 2005January 1, 2006$0.0300
September 16, 2005October 1, 2005$0.0300
June 17, 2005July 1, 2005$0.0300
March 18, 2005April 1, 2005$0.028125
Record DatePayment DateAmount*
December 17, 2004January 1, 2005$0.0250
September 17, 2004October 1, 2004$0.0250
June 18, 2004July 1, 2004$0.0250
March 12, 2004April 1, 2004$0.0250
Record DatePayment DateAmount*
December 12, 2003January 1, 2004$0.01875
September 12, 2003October 1, 2003$0.01875
June 13, 2003July 1, 2003$0.01875
March 14, 2003April 1, 2003$0.01875
Record DatePayment DateAmount*
December 13, 2002January 1, 2003$0.015625
September 13, 2002October 1, 2002$0.015625
June 14, 2002July 1, 2002$0.015625
March 15, 2002April 1, 2002$0.015625
Record DatePayment DateAmount*
December 14, 2001January 1, 2002$0.0125
September 14, 2001October 1, 2001$0.0125
June 15, 2001July 1, 2001$0.0125
March 19, 2001April 1, 2001$0.0125

*All amounts represent pre-tax dividend amounts in Canadian dollars. All figures adjusted for the May 28, 2004, May 27, 2005 and May 28, 2010two-for-one common stock splits. Click here for Stock Split history details.

Dividends – Canadian Natural Resources (2024)

FAQs

Does Canadian Natural Resources have a dividend policy? ›

Canadian Natural Resources Ltd (NYSE:CNQ) recently announced a dividend of $1.05 per share, payable on 2024-04-05, with the ex-dividend date set for 2024-03-14. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates.

How often does Canadian Natural Resources pay dividends? ›

Canadian Natural Resources Dividend Information

Canadian Natural Resources has an annual dividend of $3.11 per share, with a forward yield of 3.77%. The dividend is paid every three months and the last ex-dividend date was Mar 14, 2024.

Is Canadian Natural Resources a good stock to buy? ›

Based on 15 Wall Street analysts offering 12 month price targets for Canadian Natural in the last 3 months. The average price target is C$104.21 with a high forecast of C$119.21 and a low forecast of C$85.43. The average price target represents a -4.43% change from the last price of C$109.04.

What is the payout ratio for Canadian Natural Resources? ›

During the past 13 years, the highest Dividend Payout Ratio of Canadian Natural Resources was 3.83. The lowest was 0.26. And the median was 0.48. As of today (2024-04-02), the Dividend Yield % of Canadian Natural Resources is 3.66%.

Is BCE dividend sustainable? ›

Summary. BCE, a Canadian telecom giant, is projected to pay out more in dividends than it earns in 2024. The company's dividend is at risk of being cut due to its unsustainable payout ratio.

What Canadian dividends are eligible? ›

An eligible dividend is any taxable dividend paid to a resident of Canada by a Canadian corporation that is designated by that corporation to be an eligible dividend. A corporation's capacity to pay eligible dividends depends mostly on its status.

How long do you have to hold a stock to get the dividend in Canada? ›

As noted above, a company sets a record date when investors must be “on the books” as a shareholder to receive dividends. The ex-dividend date typically precedes the record date by two business days. If you buy stocks one day or more before the ex-dividend date, you're eligible to receive the dividend.

What is the outlook for Canadian natural resources? ›

Canadian Natural Resources is forecast to grow earnings and revenue by 2.7% and 1.2% per annum respectively. EPS is expected to grow by 6.4% per annum. Return on equity is forecast to be 22% in 3 years.

What is the dividend payout ratio for CNQ? ›

TSE:CNQ's dividend payout ratio is 49.59% (C$3.85/C$7.55) which is sustainable.

Is CNQ a good long term investment? ›

To wit, the Canadian Natural Resources Limited (TSE:CNQ) share price has flown 168% in the last three years. That sort of return is as solid as granite. On top of that, the share price is up 18% in about a quarter.

Is now a good time to invest in natural resources? ›

While the global natural resources markets continue to be volatile, we believe a multi-year commodities cycle is in the early stages. In our view, natural resources remain one of the best sources of alpha, diversification, inflation protection and dividend-yield generation.

Why should I buy CNQ stock? ›

Highlights from Canadian Natural Resources's earnings

There's a lot to like about CNQ's results. It achieved multiple production records for the year. 7% production per share growth — did that while also increasing reserves for the company. Net earnings of approximately $8.2 billion.

How much debt does Canadian Natural Resources have? ›

Total debt on the balance sheet as of December 2023 : $8.15 B. According to Canadian Natural Resources's latest financial reports the company's total debt is $8.15 B. A company's total debt is the sum of all current and non-current debts.

Who owns natural resources in Canada? ›

In northern Canada and in the offshore regions outside the provinces, the federal government enjoys such ownership. Under the Constitution Act, 1867, the original provinces of Confederation retained ownership of crown lands and resources within their boundaries.

How many employees does Canadian Natural Resources have? ›

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