Canadian Natural Resources Limited (CNQ) To Go Ex-Dividend on June 23rd

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Tuesday, June 23rd will be given a dividend of 0.625 per share by the oil and gas producer on Tuesday, July 7th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Tuesday, June 23rd.

Canadian Natural Resources has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 24 years. Canadian Natural Resources has a dividend payout ratio of 75.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Canadian Natural Resources to earn $3.63 per share next year, which means the company should continue to be able to cover its $1.81 annual dividend with an expected future payout ratio of 49.9%.

Canadian Natural Resources Trading Down 0.2%

NYSE:CNQ opened at $40.97 on Friday. The business’s 50-day moving average is $45.91 and its two-hundred day moving average is $41.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.68. Canadian Natural Resources has a 12 month low of $29.30 and a 12 month high of $51.34. The firm has a market capitalization of $85.27 billion, a PE ratio of 12.23 and a beta of 0.45.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The business had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.57 billion. Canadian Natural Resources had a return on equity of 17.49% and a net margin of 22.04%.During the same quarter last year, the firm earned $1.16 earnings per share. Research analysts predict that Canadian Natural Resources will post 4.2 earnings per share for the current fiscal year.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.