Canadian Natural Resources (Canadian Natural Resources) Dividend Payout Ratio

: 0.43 (As of Dec. 2023)

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Canadian Natural Resources's dividend payout ratio for the months ended in Dec. 2023 was 0.43.

The historical rank and industry rank for Canadian Natural Resources's Dividend Payout Ratio or its related term are showing as below:

CNQ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.48 Max: 3.83
Current: 0.48

During the past 13 years, the highest Dividend Payout Ratio of Canadian Natural Resources was 3.83. The lowest was 0.26. And the median was 0.48.

CNQ's Dividend Payout Ratio is ranked worse than
54.77% of 451 companies
in the Oil & Gas industry
Industry Median: 0.44 vs CNQ: 0.48

As of today (2024-04-24), the Dividend Yield % of Canadian Natural Resources is 3.71%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Canadian Natural Resources was 12.35%. The lowest was 1.34%. And the median was 3.07%.

Canadian Natural Resources's Dividends per Share for the months ended in Dec. 2023 was $0.75.

During the past 12 months, Canadian Natural Resources's average Dividends Per Share Growth Rate was 19.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 29.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 23.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 17.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Canadian Natural Resources was 35.70% per year. The lowest was 6.90% per year. And the median was 21.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Canadian Natural Resources Dividend Payout Ratio Historical Data

The historical data trend for Canadian Natural Resources's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Canadian Natural Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.47

0.32

0.28

0.48

Canadian Natural Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.43	0.53	0.79	0.35	0.43

Competitive Comparison

For the Oil & Gas E&P subindustry, Canadian Natural Resources's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian Natural Resources Dividend Payout Ratio Distribution

For the Oil & Gas industry and Energy sector, Canadian Natural Resources's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Canadian Natural Resources's Dividend Payout Ratio falls into.

Canadian Natural Resources Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Canadian Natural Resources's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2.758	/	5.769
	=	0.48

Canadian Natural Resources's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.745	/	1.744
	=	0.43

Canadian Natural Resources (NYSE:CNQ) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Canadian Natural Resources Dividend Payout Ratio Related Terms

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Canadian Natural Resources (Canadian Natural Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Natural Resources Ltd (NYSE:CNQ) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

CRC:Germany CRC:Germany CNQ:Canada

Address

855 - 2nd Street South West, Suite 2100, Calgary, AB, CAN, T2P 4J8

Website

https://www.cnrl.com

Canadian Natural Resources Ltd is an independent crude oil and natural gas exploration, development, and production company. The Company's exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The Company's exploration and production activities are conducted in three geographic segments: North America, the North Sea, and Offshore Africa. These activities include the exploration, development, production, and marketing of crude oil, natural gas liquids, and natural gas. The company has two divisions; Oil Sands Mining and Upgrading Midstream and Refining. It derives a majority of its revenue from North America.