Canadian Natural Resources Limited (NYSE:CNQ) Shares Set to Pay Quarterly Dividend of C$0.62

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Tuesday, December 15th will be paid a dividend of C$0.62 per share by the oil and gas producer on Tuesday, January 5th. This represents a $2.50 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, December 15th.

Canadian Natural Resources has increased its dividend payment by an average of 0.2% annually 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% indicating that its dividend is sufficiently covered by earnings. Analysts expect Canadian Natural Resources to earn $4.00 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 45.0%.

Canadian Natural Resources Stock Down 1.4%

Shares of CNQ traded down $0.71 during mid-day trading on Thursday, reaching $48.93. The company’s stock had a trading volume of 10,389,622 shares, compared to its average volume of 8,905,493. The company has a market cap of $100.12 billion, a price-to-earnings ratio of 12.08 and a beta of 0.45. The business has a fifty day moving average of $50.86 and a 200 day moving average of $46.13. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. Canadian Natural Resources has a 1 year low of $30.13 and a 1 year high of $56.27.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, November 5th. The oil and gas producer reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.13. Canadian Natural Resources had a return on equity of 23.91% and a net margin of 22.78%. As a group, analysts forecast that Canadian Natural Resources will post 4.10 earnings per share for the current fiscal year.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited is an independent energy company engaged in the exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids. Its portfolio includes conventional and unconventional petroleum assets, heavy crude oil operations, and oil sands projects that produce bitumen and synthetic crude oil.

The company’s principal operations are located in Western Canada, including oil sands and conventional assets in Alberta and natural gas properties in Alberta and British Columbia.