Canadian Natural Resources Limited Announces Quarterly Dividend
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.
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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.
Details
News Market Reaction – CNQ
The recorded move for CNQ in the trading session of this news was +1.93%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Calgary, Alberta--(Newsfile Corp. - March 6, 2025) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors approved a
The Company has a leading track record of dividend increases, with 2025 being the 25th 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. 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
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