Canadian Natural Resources (TSX:CNQ) Dividend Payout Ratio : 0.61 (As of Dec. 2024)

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What is Canadian Natural Resources Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Canadian Natural Resources's Dividend Payout Ratio for the months ended in Dec. 2024 was 0.61.

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

TSX:CNQ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.49 Max: 3.83
Current: 0.61

During the past 13 years, the highest Dividend Payout Ratio of Canadian Natural Resources was 3.83. The lowest was 0.14. And the median was 0.49.

TSX:CNQ's Dividend Payout Ratio is ranked worse than
55.21% of 451 companies
in the Oil & Gas industry
Industry Median: 0.55 vs TSX:CNQ: 0.61

As of today (2025-04-04), the Dividend Yield % of Canadian Natural Resources is 5.23%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Canadian Natural Resources was 12.38%. The lowest was 2.03%. And the median was 3.67%.

Canadian Natural Resources's Dividends per Share for the months ended in Dec. 2024 was C$0.56.

During the past 12 months, Canadian Natural Resources's average Dividends Per Share Growth Rate was 15.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 28.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 25.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 18.20% 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 21.60% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

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.

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Canadian Natural Resources Dividend Payout Ratio Chart

Canadian Natural Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dividend Payout Ratio

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0.32

0.14

0.48

0.62

Canadian Natural Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.43	0.77	0.60	0.52	0.61

Competitive Comparison of Canadian Natural Resources's Dividend Payout Ratio

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's Dividend Payout Ratio Distribution in the Oil & Gas Industry

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.

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Canadian Natural Resources Dividend Payout Ratio Calculation

Canadian Natural Resources's Dividend Payout Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2024 )	/	EPS without NRI (A: Dec. 2024 )
	=	2.138	/	3.46
	=	0.62

Canadian Natural Resources's Dividend Payout Ratio for the quarter that ended in Dec. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2024 )	/	EPS without NRI (Q: Dec. 2024 )
	=	0.563	/	0.93
	=	0.61

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

In dividends investing, Dividend 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

Thank you for viewing the detailed overview of Canadian Natural Resources's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Natural Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CNQ:USA CRC:Germany CRC:Germany

Address

855 - 2nd Street South West, Suite 2100, Corporate Resources, 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 exploring, developing, producing, and marketing 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.

Executives

Jay Ellery Froc	Senior Officer
Warren Paul Raczynski	Senior Officer
Dwayne Frederick Giggs	Senior Officer
Scott Gerald Stauth	Senior Officer
Mark Allen Stainthorpe	Senior Officer
Erin Louise Lunn	Senior Officer
Calvin John Bast	Senior Officer
Troy John Peter Andersen	Senior Officer
Brenda Gayle Balog	Senior Officer
Mark Anthony Overwater	Senior Officer
Stephen W. Laut	Director
Trevor Wagil	Senior Officer
Victor Clinton Darel	Senior Officer
Kyle Grayson Pisio	Senior Officer
Ronald Keith Laing	Senior Officer