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Canadian Natural Resources (Canadian Natural Resources) 5-Year Dividend Growth Rate

: 23.60% (As of Dec. 2023)
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Canadian Natural Resources's Dividends per Share for the three 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. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

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.

Canadian Natural Resources's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.43. As of today, Canadian Natural Resources's Dividend Yield % is 3.72%.

Warning Sign:

Canadian Natural Resources Ltd stock dividend yield is close to 1-year low.

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


Competitive Comparison

For the Oil & Gas E&P subindustry, Canadian Natural Resources's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-Year Dividend Growth Rate 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 5-Year Dividend Growth Rate Distribution

For the Oil & Gas industry and Energy sector, Canadian Natural Resources's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Canadian Natural Resources's 5-Year Dividend Growth Rate falls into.



Canadian Natural Resources 5-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with least square regression.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Canadian Natural Resources  (NYSE:CNQ) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

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

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.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Canadian Natural Resources Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 1.0502024-03-142024-03-152024-04-05Cash DividendquarterlyCAD:USD 0.738242
CAD 1.0002023-12-072023-12-082024-01-05Cash DividendquarterlyCAD:USD 0.754720
CAD 0.9002023-09-142023-09-152023-10-05Cash DividendquarterlyCAD:USD 0.735808
CAD 0.9002023-06-152023-06-162023-07-05Cash DividendquarterlyCAD:USD 0.755744

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Canadian Natural Resources's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.8722709/76.54
=3.75 %

Current Share Price is $76.54.
Canadian Natural Resources's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.8722709.

During the past 13 years, the highest Dividend Yield of Canadian Natural Resources was 12.35%. The lowest was 1.34%. And the median was 3.06%.

Warning Sign:

Canadian Natural Resources Ltd stock dividend yield is close to 1-year low.

* 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.


Canadian Natural Resources 5-Year Dividend Growth Rate Related Terms

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Canadian Natural Resources (Canadian Natural Resources) Business Description

Traded in Other Exchanges
Address
855 - 2nd Street South West, Suite 2100, Calgary, AB, CAN, T2P 4J8
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.