Canadian Natural Resources Limited (CNQ) To Go Ex-Dividend on September 11th

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, September 11th will be paid a dividend of 0.625 per share by the oil and gas producer on Friday, October 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, September 11th.

Canadian Natural Resources has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 24 years. Canadian Natural Resources has a dividend payout ratio of 74.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Canadian Natural Resources to earn $3.55 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 50.7%.

Canadian Natural Resources Price Performance

NYSE:CNQ opened at $50.89 on Wednesday. Canadian Natural Resources has a 52-week low of $29.68 and a 52-week high of $52.24. The stock has a fifty day moving average of $46.42 and a 200 day moving average of $46.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.75 and a current ratio of 1.00. The firm has a market capitalization of $104.96 billion, a price-to-earnings ratio of 12.57 and a beta of 0.47.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its earnings results on Thursday, August 6th. The oil and gas producer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.15. The business had revenue of $14.74 billion for the quarter, compared to analyst estimates of $9.40 billion. Canadian Natural Resources had a return on equity of 23.91% and a net margin of 22.78%. On average, research analysts expect that Canadian Natural Resources will post 4.05 EPS for the current fiscal year.

About Canadian Natural Resources

Canadian Natural Resources Limited (CNRL) is a Canadian independent crude oil and natural gas exploration, development, production, marketing and refining company headquartered in Calgary, Alberta. The company produces a range of energy products, including heavy and light crude oil, synthetic crude oil, natural gas and natural gas liquids.

CNRL’s operations are concentrated in Western Canada, where it holds significant oil sands, conventional oil and natural gas assets. Its oil sands business includes mining and upgrading operations as well as in situ thermal projects.