Canadian Natural Resources Limited Announces Quarterly Dividend

Rhea-AI Summary

Canadian Natural Resources (TSX: CNQ) (NYSE: CNQ) has announced a 4% increase in its quarterly cash dividend to C$0.5875 per common share, up from C$0.5625. The dividend will be payable on April 4, 2025 to shareholders of record as of March 21, 2025.

This marks the company's 25th consecutive year of dividend increases, demonstrating a remarkable compound annual growth rate (CAGR) of 21% over this period. The consistent dividend growth reflects the Board's confidence in the company's sustainable business model, strong balance sheet, and diverse portfolio of long-life, low-decline reserves and assets.

Canadian Natural operates primarily in Western Canada, the U.K. North Sea, and Offshore Africa, focusing on crude oil and natural gas production.

Positive

• 4% dividend increase to C$0.5875 per share
• 25 consecutive years of dividend increases
• 21% compound annual dividend growth rate
• Strong balance sheet
• Diverse portfolio of long-life, low-decline assets

Negative

• None.

Calgary, Alberta--(Newsfile Corp. - March 6, 2025) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors approved a 4% increase to its quarterly cash dividend on its common shares to C$0.5875 (fifty-eight and three quarter cents) per common share, up from the previous quarterly cash dividend of $0.5625 (fifty-six and one quarter cents) per common share. The dividend will be payable on April 4, 2025 to shareholders of record at the close of business on March 21, 2025.

The Company has a leading track record of dividend increases, with 2025 being the 25^th consecutive year of dividend increases with a compound annual growth rate ("CAGR") of 21% over that time. This 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.

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. 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/243497

FAQ

What is the new quarterly dividend amount for Canadian Natural Resources (CNQ) in 2025?

CNQ's new quarterly dividend is C$0.5875 per common share, representing a 4% increase from the previous C$0.5625.

When will CNQ's latest dividend be paid and what is the record date?

The dividend will be paid on April 4, 2025, to shareholders of record as of March 21, 2025.

How long has Canadian Natural Resources (CNQ) been increasing its dividends?

2025 marks CNQ's 25th consecutive year of dividend increases, with a compound annual growth rate of 21% over this period.

What is the dividend growth rate for Canadian Natural Resources (CNQ)?

CNQ has achieved a compound annual growth rate (CAGR) of 21% in dividends over the past 25 years.

Where are CNQ's main operations located?

CNQ operates primarily in Western Canada, the U.K. portion of the North Sea, and Offshore Africa.