Canadian Natural Resources Limited Announces Quarterly Dividend

Rhea-AI Summary

Canadian Natural Resources Limited (CNQ) declares a quarterly cash dividend of C$0.90 per common share, payable on October 5, 2023. This dividend represents the company's 23rd consecutive year of dividend increases, with a compound annual growth rate of approximately 21%. The announcement demonstrates the company's confidence in its sustainable business model, strong balance sheet, and long-life low decline asset base.

Positive

• Canadian Natural Resources Limited (CNQ) continues its 23-year track record of dividend increases, with a compound annual growth rate of approximately 21%.
• The announcement reflects the company's confidence in its sustainable business model, strong balance sheet, and long-life low decline asset base.

Negative

• None.

Calgary, Alberta--(Newsfile Corp. - August 3, 2023) - 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$0.90 (ninety cents) per common share. The dividend will be payable on October 5, 2023 to shareholders of record at the close of business on September 15, 2023.

Canadian Natural's growing and sustainable dividend demonstrates the confidence that the Board of Directors has in the sustainability of our business model, the strength of our balance sheet and the Company's long life low decline asset base. The previously announced increase in March 2023 represents the continuation of the Company's leading track record of 23 consecutive years of dividend increases, with a compound annual growth rate of approximately 21‍% over that period of time.

Canadian Natural is a senior 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
2100, 855 - 2^nd Street S.W. Calgary, Alberta, T2P4J8
Phone: 403-514-7777 Email: ir@cnrl.com
www.cnrl.com

TIM S. MCKAY
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/175924

What is the dividend declared by Canadian Natural Resources Limited (CNQ)?

The company declared a quarterly cash dividend of C$0.90 per common share.

When will the dividend be payable to shareholders of Canadian Natural Resources Limited (CNQ)?

The dividend will be payable on October 5, 2023.

Where does Canadian Natural Resources Limited (CNQ) have continuing operations?

The company has continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea, and Offshore Africa.

What is the trading symbol for Canadian Natural Resources Limited (CNQ) on the Toronto Stock Exchange and New York Stock Exchange?

The trading symbol is CNQ on both the Toronto Stock Exchange and New York Stock Exchange.