Canadian Natural Resources Limited Announces Quarterly Dividend

Rhea-AI Summary

Canadian Natural Resources Limited (CNQ) has declared a quarterly cash dividend of C$0.5875 per common share, payable on July 3, 2025, to shareholders of record as of June 13, 2025. This represents a 4% increase from the previous quarter, announced in March 2025. The company has achieved a remarkable milestone with 25 consecutive years of dividend increases, demonstrating a compound annual growth rate (CAGR) of 21%. This consistent dividend growth reflects the company's robust business model, strong balance sheet, and diverse portfolio of long-life, low-decline reserves across Western Canada, the U.K. North Sea, and Offshore Africa.

Positive

• 25 consecutive years of dividend increases with 21% CAGR
• 4% increase in quarterly dividend to C$0.5875
• Strong balance sheet and sustainable business model
• Diverse portfolio of long-life, low-decline reserves across multiple regions

Negative

• None.

Calgary, Alberta--(Newsfile Corp. - May 8, 2025) - 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 C$0.5875 (fifty-eight and three quarter cents). The dividend will be payable on July 3, 2025 to shareholders of record at the close of business on June 13, 2025.

As previously announced, in March 2025 the Board of Directors increased the quarterly dividend by 4% per common share. Canadian Natural's growing and sustainable dividend demonstrates the confidence that the Board of Directors has in the sustainability of our business model, our strong balance sheet and the strength of our diverse, long life low decline reserves and asset base. The Company's leading track record of growing and sustainable dividend continues, with 2025 being the 25^th consecutive year of dividend increases with a compound annual growth rate ("CAGR") of 21% over that time.

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   VICTOR C. DAREL 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. The Company does not undertake to update forward-looking statements except as required by applicable securities laws. Refer to our website for detailed forward-looking statements and notes regarding Non-GAAP and Other Financial Measures at www.cnrl.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251222

FAQ

What is CNQ's new quarterly dividend amount for 2025?

Canadian Natural Resources' new quarterly dividend is C$0.5875 per common share, payable on July 3, 2025.

When is the record date for CNQ's latest dividend payment?

The record date for CNQ's dividend payment is June 13, 2025.

How many consecutive years has CNQ increased its dividend?

CNQ has increased its dividend for 25 consecutive years, with a compound annual growth rate (CAGR) of 21%.

What is the percentage increase in CNQ's quarterly dividend for 2025?

CNQ increased its quarterly dividend by 4% in March 2025.

In which regions does Canadian Natural Resources operate?

Canadian Natural Resources operates in Western Canada, the U.K. portion of the North Sea, and Offshore Africa.