Trailing Dividend / Share
$2.32
Canadian Natural Resources Limited (CNQ) Dividend History
Income profile from 2001 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
4.0%
Payout Ratio
45.0%
Sustainable
Dividend Streak
10 years
CNQ Dividend Income Check
Safety
45.0% payout ratio with sustainable safety profile.
Consistency
10 straight years of dividend increases.
Income Trend
Yield on cost is 13.9% and trend is rising.
CNQ Dividend Scorecard
Yield & Income
Dividend Yield4.0%
Trailing DPS$2.32
FrequencyQuarterly
Payments / 12M5
Payout Safety
Earnings Payout45.0%
Earnings SafetySustainable
FCF Payout78.3%
FCF SafetyStretched
Piotroski F-Score8/9
Growth
Growth Streak10 years
3Y CAGR-1.1%
5Y CAGR22.3%
Yield on Cost (5Y)13.9%
YOC Trendrising
Total Returns
Buyback Yield1.2%
Total Shareholder Yield5.2%
1Y Total Return26.1%
5Y Total Return180.7%
Div Contribution (5Y)42.0%
Estimated $10K growth (return + dividends):
5Y ago$28,06810Y ago$34,04320Y ago$46,026
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
CNQ Income Growth Story
Dividend per share and yield on cost over time (26 years of payments)
CNQ Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Canadian Natural Resources Limited distributes 45.0% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 78.3%, rated "Stretched".
Piotroski F-Score: 8/9 — strong financial health.
Growth Track Record
CNQ has raised its dividend for 10 consecutive years, with a 3-year CAGR of -1.1% and 5-year CAGR of 22.3%.
Total Shareholder Returns
Beyond cash dividends, CNQ returns capital through share repurchases. The combined picture: 4.0% dividend yield, 1.2% buyback yield, 5.2% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 13.9% and is currently rising. The 5-year total return is 180.7%, with dividends contributing 42.0% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $34,043 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
CNQ Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$7.72
Avg/Payment$0.3859
Latest Change-3.1%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 23, 2026Latest | $0.4429 | ↓ -3.1% | 4.27% | Jul 7, 2026 |
| Jun 22, 2026 | $0.4572 | ↑ +0.5% | 3.97% | Jul 7, 2026 |
| Mar 20, 2026 | $0.4551 | ↑ +6.8% | 3.55% | Apr 7, 2026 |
| Dec 12, 2025 | $0.4263 | ↓ -0.1% | 5.14% | Jan 6, 2026 |
| Sep 19, 2025 | $0.4266 | ↓ -1.4% | 5.27% | Oct 3, 2025 |
| Jun 13, 2025 | $0.4327 | ↑ +5.7% | 4.81% | Jul 3, 2025 |
| Mar 21, 2025 | $0.4092 | ↑ +3.6% | 5.19% | Apr 4, 2025 |
| Dec 13, 2024 | $0.3949 | ↑ +2.1% | 4.93% | Jan 3, 2025 |
CNQ Dividend vs Peers
Comparable companies in the same industry
#1 yield in peer group
Div Yield
4.0%
#1 of 9
Safety
Sustainable
45.0% payout
Streak
10Y
22.3% 5Y CAGR
Total Shareholder
5.2%
#8 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
1st CNQCanadian Natural Res… | $85.6B | 4.0% | 45.0% | 10 | Sustainable |
 CVECenovus Energy Inc. | $47.4B | 2.2% | 36.2% | 5 | Sustainable |
 SUSuncor Energy Inc. | $65.7B | 2.9% | 47.4% | 10 | Sustainable |
 IMOImperial Oil Limited | $56.0B | 1.7% | 42.9% | 8 | Sustainable |
 MEGMontrose Environment… | $566M | 0.8% | — | 0 | Unknown |
 OVVOvintiv Inc. | $14.7B | 2.3% | 24.8% | 0 | Sustainable |
3rd  COPConocoPhillips | $131.3B | 3.0% | 50.0% | 9 | Sustainable |
2nd  EOGEOG Resources, Inc. | $69.2B | 3.1% | 43.4% | 8 | Sustainable |
 DVNDevon Energy Corpora… | $26.2B | 2.3% | 23.4% | 1 | Sustainable |
CNQ Annual Dividend History (1993–2026)
34 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.36 | — | 3 | — | — | — | 11.1% |
| 2025 | $1.69 | 9.2% | 4 | $5.16 | 32.8% | 3.04x | 13.9% |
| 2024 | $1.55 | 13.7% | 4 | $2.85 | 54.4% | 1.84x | 12.7% |
| 2023 | $1.36 | -22.1% | 4 | $3.74 | 36.5% | 2.74x | 11.2% |
| 2022 | $1.75 | 123.8% | 5 | $4.82 | 36.3% | 2.75x | 14.3% |
| 2021 | $0.78 | 26.3% | 4 | $3.24 | 24.2% | 4.14x | 6.4% |
| 2020 | $0.62 | 11.9% | 4 | $-0.18 | — | — | 5.1% |
| 2019 | $0.55 | -22.6% | 4 | $2.27 | 24.4% | 4.10x | 4.5% |
| 2018 | $0.71 | 71.3% | 4 | $1.06 | 67.4% | 1.48x | 5.8% |
| 2017 | $0.42 | 19.7% | 4 | $1.02 | 40.9% | 2.44x | 3.4% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into CNQ consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
25+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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CNQ — Frequently Asked Questions
Quick answers to the most common questions about buying CNQ stock.
How much dividend does CNQ pay per share?
Canadian Natural Resources Limited (CNQ) pays a trailing 12-month dividend of $2.32 per share, with a current dividend yield of +4.0%. Payments are made Quarterly.
When is CNQ's next ex-dividend date?
CNQ's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. CNQ typically pays dividends Quarterly.
Is CNQ's dividend safe?
CNQ's dividend safety is rated "Sustainable" based on an earnings payout ratio of +45.0% and FCF payout ratio of +78.3%. The 10-year growth streak provides moderate confidence.
Is CNQ a Dividend Achiever?
Yes, Canadian Natural Resources Limited is classified as a Dividend Achiever with 10 consecutive years of dividend increases. The 5-year dividend CAGR is +22.3%, demonstrating above-inflation dividend growth.
How often does CNQ pay dividends?
Canadian Natural Resources Limited pays dividends Quarterly. The trailing 12-month total is $2.32 per share. Dividend data on this page covers 25+ years from 2001 to 2026.
How much would $10,000 invested in CNQ grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in CNQ five years ago would be worth approximately $28,068 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is CNQ's yield on cost for long-term holders?
CNQ's yield on cost — the current dividend divided by the original purchase price — is +13.9% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +4.0% market yield, thanks to consistent dividend growth.