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 Date
Payment Date
Amount*
March 15, 2024
April 5, 2024
$1.05
Record Date
Payment Date
Amount*
December 8, 2023
January 5, 2024
$1.00
September 15, 2023
October 5, 2023
$0.90
June 16, 2023
July 5, 2023
$0.90
March 17, 2023
April 5, 2023
$0.90
Record Date
Payment Date
Amount*
December 16, 2022
January 5, 2023
$0.85
September 16, 2022
October 5, 2022
$0.75
August 23, 2022 SpecialDividend
August 31, 2022
$1.50
June 17, 2022
July 5, 2022
$0.75
March 18, 2022
April 5, 2022
$0.75
Record Date
Payment Date
Amount*
December 10, 2021
January 5, 2022
$0.5875
September 17, 2021
October 5, 2021
$0.47
June 18, 2021
July 5, 2021
$0.47
March 19, 2021
April 5, 2021
$0.47
Record Date
Payment Date
Amount*
December 9, 2020
January 5, 2021
$0.4250
September 18, 2020
October 5, 2020
$0.4250
June 12, 2020
July 1, 2020
$0.4250
March 20, 2020
April 1, 2020
$0.4250
Record Date
Payment Date
Amount*
December 11, 2019
January 1, 2020
$0.3750
September 13, 2019
October 1, 2019
$0.3750
June 14, 2019
July 1, 2019
$0.3750
March 22, 2019
April 1, 2019
$0.3750
Record Date
Payment Date
Amount*
December 10, 2018
January 1, 2019
$0.3350
September 14, 2018
October 1, 2018
$0.3350
June 15, 2018
July 1, 2018
$0.3350
March 16, 2018
April 1, 2018
$0.3350
View dividend information for previous years.
Record Date
Payment Date
Amount*
December 12, 2017
January 1, 2018
$0.2750
September 15, 2017
October 1, 2017
$0.2750
June 16, 2017
July 1, 2017
$0.2750
March 17, 2017
April 1, 2017
$0.2750
Record Date
Payment Date
Amount*
December 9, 2016
January 1, 2017
$0.2500
September 16, 2016
October 1, 2016
$0.2300
June 17, 2016
July 1, 2016
$0.2300
March 18, 2016
April 1, 2016
$0.2300
Record Date
Payment Date
Amount*
December 11, 2015
December 31, 2015
$0.2300
September 11, 2015
October 1, 2015
$0.2300
June 12, 2015
July 1, 2015
$0.2300
March 16, 2015
April 1, 2015
$0.2300
Record Date
Payment Date
Amount*
December 12, 2014
January 1, 2015
$0.2250
September 12, 2014
October 1, 2014
$0.2250
June 13, 2014
July 1, 2014
$0.2250
March 17, 2014
April 1, 2014
$0.2250
Record Date
Payment Date
Amount*
December 13, 2013
January 1, 2014
$0.2000
September 13, 2013
October 1, 2013
$0.1250
June 14, 2013
July 1, 2013
$0.1250
March 18, 2013
April 1, 2013
$0.1250
Record Date
Payment Date
Amount*
December 14, 2012
January 1, 2013
$0.1050
September 14, 2012
October 1, 2012
$0.1050
June 15, 2012
July 1, 2012
$0.1050
March 19, 2012
April 1, 2012
$0.1050
Record Date
Payment Date
Amount*
December 16, 2011
January 1, 2012
$0.0900
September 16, 2011
October 1, 2011
$0.0900
June 17, 2011
July 1, 2011
$0.0900
March 18, 2011
April 1, 2011
$0.0900
Record Date
Payment Date
Amount*
December 17, 2010
January 1, 2011
$0.0750
September 17, 2010
October 1, 2010
$0.0750
June 11, 2010
July 1, 2010
$0.0750
March 12, 2010
April 1, 2010
$0.0750
Record Date
Payment Date
Amount*
December 11, 2009
January 1, 2010
$0.0525
September 11, 2009
October 1, 2009
$0.0525
June 12, 2009
July 1, 2009
$0.0525
March 13, 2009
April 1, 2009
$0.0525
Record Date
Payment Date
Amount*
December 12, 2008
January 1, 2009
$0.0500
September 12, 2008
October 1, 2008
$0.0500
June 13, 2008
July 1, 2008
$0.0500
March 14, 2008
April 1, 2008
$0.0500
Record Date
Payment Date
Amount*
December 14, 2007
January 1, 2008
$0.0425
September 14, 2007
October 1, 2007
$0.0425
June 15, 2007
July 1, 2007
$0.0425
March 16, 2007
April 1, 2007
$0.0425
Record Date
Payment Date
Amount*
December 15, 2006
January 1, 2007
$0.0375
September 15, 2006
October 1, 2006
$0.0375
June 16, 2006
July 1, 2006
$0.0375
March 17, 2006
April 1, 2006
$0.0375
Record Date
Payment Date
Amount*
December 16, 2005
January 1, 2006
$0.0300
September 16, 2005
October 1, 2005
$0.0300
June 17, 2005
July 1, 2005
$0.0300
March 18, 2005
April 1, 2005
$0.028125
Record Date
Payment Date
Amount*
December 17, 2004
January 1, 2005
$0.0250
September 17, 2004
October 1, 2004
$0.0250
June 18, 2004
July 1, 2004
$0.0250
March 12, 2004
April 1, 2004
$0.0250
Record Date
Payment Date
Amount*
December 12, 2003
January 1, 2004
$0.01875
September 12, 2003
October 1, 2003
$0.01875
June 13, 2003
July 1, 2003
$0.01875
March 14, 2003
April 1, 2003
$0.01875
Record Date
Payment Date
Amount*
December 13, 2002
January 1, 2003
$0.015625
September 13, 2002
October 1, 2002
$0.015625
June 14, 2002
July 1, 2002
$0.015625
March 15, 2002
April 1, 2002
$0.015625
Record Date
Payment Date
Amount*
December 14, 2001
January 1, 2002
$0.0125
September 14, 2001
October 1, 2001
$0.0125
June 15, 2001
July 1, 2001
$0.0125
March 19, 2001
April 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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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