Trailing Dividend / Share
$2.07
Canadian Natural Resources Limited (CNQ) Dividend History
Income profile from 2001 to 2025 with payout safety and yield-on-cost trend
Dividend Yield
3.5%
Payout Ratio
72.5%
Watch
Dividend Streak
2 years
3-Second Income Check
Safety
72.5% payout ratio with watch safety profile.
Consistency
2 straight years of dividend increases.
Income Trend
Yield on cost is 13.9% and trend is rising.
Dividend Scorecard
Yield & Income
Dividend Yield3.5%
Trailing DPS$2.07
FrequencyQuarterly
Payments / 12M4
Payout Safety
Earnings Payout72.5%
Earnings SafetyWatch
FCF Payout54.5%
FCF SafetyAdequate
Piotroski F-Score5/9
Growth
Growth Streak2 years
3Y CAGR-1.1%
5Y CAGR22.3%
Yield on Cost (5Y)13.9%
YOC Trendrising
Total Returns
Buyback Yield2.1%
Total Shareholder Yield5.6%
1Y Total Return60.8%
5Y Total Return256.8%
Div Contribution (5Y)50.1%
Estimated $10K growth (return + dividends):
5Y ago$35,67910Y ago$52,05820Y ago$41,167
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.
Income Growth Story
Dividend per share and yield on cost over time (25 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Canadian Natural Resources Limited distributes 72.5% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 54.5%, rated "Adequate".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
CNQ has raised its dividend for 2 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: 3.5% dividend yield, 2.1% buyback yield, 5.6% 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 256.8%, with dividends contributing 50.1% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $52,058 today.
Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$6.96
Avg/Payment$0.3479
Latest Change+0.1%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Dec 12, 2025Latest | $0.4264 | ↑ +0.1% | 5.14% | Jan 6, 2026 |
| Sep 19, 2025 | $0.4262 | ↓ -1.4% | 5.26% | Oct 3, 2025 |
| Jun 13, 2025 | $0.4323 | ↑ +5.6% | 4.80% | Jul 3, 2025 |
| Mar 21, 2025 | $0.4092 | ↑ +3.6% | 5.18% | Apr 4, 2025 |
| Dec 13, 2024 | $0.3949 | ↑ +2.1% | 4.93% | Jan 3, 2025 |
| Sep 13, 2024 | $0.3866 | ↑ +1.3% | 4.77% | Oct 4, 2024 |
| Jun 17, 2024 | $0.3818 | ↓ -1.7% | 4.36% | Jul 5, 2024 |
| Mar 14, 2024 | $0.3883 | ↑ +5.7% | 3.87% | Apr 5, 2024 |
Dividend Peer Comparison
Peer group: Canadian oil sands and heavy oil producers
#1 yield in peer group
Div Yield
3.5%
#1 of 2
Safety
Watch
72.5% payout
Streak
2Y
22.3% 5Y CAGR
Total Shareholder
5.6%
#2 of 2
Annual Dividend History
33 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2025 | $1.69 | 9.2% | 4 | — | — | — | 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% |
| 2016 | $0.35 | 1.7% | 4 | $-0.10 | — | — | 2.9% |
See CNQ's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CNQ Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare CNQ vs CRC
See how CNQ stacks up against sector leader California Resources Corporation.
Start ComparisonFrequently Asked Questions
How much dividend does CNQ pay per share?
Canadian Natural Resources Limited (CNQ) pays a trailing 12-month dividend of $2.07 per share, with a current dividend yield of +3.5%. 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 "Watch" based on an earnings payout ratio of +72.5% and FCF payout ratio of +54.5%. The 2-year growth streak provides moderate confidence.
How many years has CNQ increased its dividend?
CNQ has 2 consecutive years of dividend growth. The 5-year dividend CAGR is +22.3%.
How often does CNQ pay dividends?
Canadian Natural Resources Limited pays dividends Quarterly. The trailing 12-month total is $2.07 per share. Dividend data on this page covers 24+ years from 2001 to 2025.
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 $35,679 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 +3.5% market yield, thanks to consistent dividend growth.