Canadian Natural Resources Limited (NYSE:CNQ – Get Free Report) (TSE:CNQ) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, September 11th will be given a dividend of 0.625 per share by the oil and gas producer on Friday, October 2nd. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, September 11th.
Canadian Natural Resources has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 24 consecutive years. Canadian Natural Resources has a payout ratio of 75.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Canadian Natural Resources to earn $3.57 per share next year, which means the company should continue to be able to cover its $1.81 annual dividend with an expected future payout ratio of 50.7%.
Canadian Natural Resources Stock Up 0.0%
Shares of CNQ traded up $0.01 during trading hours on Friday, hitting $45.46. The stock had a trading volume of 5,302,559 shares, compared to its average volume of 9,968,330. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.68. Canadian Natural Resources has a 1-year low of $29.30 and a 1-year high of $51.34. The firm has a 50 day simple moving average of $43.60 and a 200-day simple moving average of $44.12. The firm has a market capitalization of $94.07 billion, a P/E ratio of 13.57 and a beta of 0.46.
Canadian Natural Resources News Summary
Here are the key news stories impacting Canadian Natural Resources this week:
- Positive Sentiment: Quarterly earnings beat expectations: CNQ reported second-quarter adjusted earnings of C$1.58 per share, above the C$1.43 analyst consensus and up from C$0.51 a year earlier. Results benefited from higher crude oil and natural gas production, as well as stronger crude prices. Canadian Natural Resources beats quarterly profit estimates
- Positive Sentiment: Production outlook increased: Record operating performance, including approximately 625,000 barrels per day from oil sands mining and 106% upgrader utilization, prompted CNQ to raise its full-year 2026 production guidance. Higher expected output could support cash flow and earnings. Canadian Natural raises full-year production outlook
- Positive Sentiment: Capital returns remain attractive: The board declared a quarterly dividend of C$0.625 per share, payable October 2 to shareholders of record September 11. The dividend represents an annualized yield of roughly 5.5%, reinforcing CNQ’s appeal to income-focused investors. Canadian Natural Resources Announces Quarterly Dividend
- Neutral Sentiment: Growth spending remains disciplined: CNQ is maintaining 2026 capital expenditures near C$6 billion while postponing major growth projects until memorandum-of-understanding terms are finalized. This protects capital efficiency but may limit near-term production expansion. CNQ Q2 Earnings Call Flags Higher Output and Growth Discipline
Canadian Natural Resources Company Profile
Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.
The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.
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