Canadian Natural Resources Limited Announces Quarterly Dividend
Rhea-AI Summary
Canadian Natural Resources (TSX: CNQ) (NYSE: CNQ) has declared a quarterly cash dividend of $0.525 per common share, payable on October 4, 2024 to shareholders of record as of September 13, 2024. This marks the 24th consecutive year of dividend increases for the company, with a compound annual growth rate (CAGR) of 21% over that period. The consistent dividend growth demonstrates the Board's confidence in the company's sustainable business model, strong balance sheet, and diverse, long-life, low-decline reserves and asset base. Canadian Natural is a leading crude oil and natural gas production company with operations in Western Canada, the U.K. North Sea, and Offshore Africa.
Positive
- Declared quarterly dividend of $0.525 per common share
- 24th consecutive year of dividend increases
- 21% compound annual growth rate (CAGR) in dividends over 24 years
- Strong balance sheet and sustainable business model
- Diverse, long-life, low-decline reserves and asset base
Negative
- None.
News Market Reaction
On the day this news was published, CNQ declined 1.47%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Calgary, Alberta--(Newsfile Corp. - August 1, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of
The Company has a leading track record of dividend increases, with 2024 being the 24th consecutive year of dividend increases with a compound annual growth rate ("CAGR") of
Canadian Natural is a senior crude oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa.
CANADIAN NATURAL RESOURCES LIMITED
T (403) 517-6700 F (403) 517-7350 E ir@cnrl.com
2100, 855 - 2 Street S.W. Calgary, Alberta, T2P 4J8
www.cnrl.com
SCOTT G. STAUTH
President
MARK A. STAINTHORPE
Chief Financial Officer
LANCE J. CASSON
Manager, Investor Relations
Trading Symbol - CNQ
Toronto Stock Exchange
New York Stock Exchange
Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Refer to our website for complete forward-looking statements www.cnrl.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218449
FAQ
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