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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Canadian Natural Resources Limited (CNQ) pays a $2.43 annual dividend ($0.61 quarterly), yielding 3.27% at $53.80/share. Next ex-dividend date 2026-09-11. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.27%
Annual Dividend: $2.43 per share
Payout Ratio: 43.2%
Ex-Dividend Date: 2026-09-11
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 26
Canadian Natural Resources Limited dividend investors are looking at a crude oil, natural gas, and NGLs producer operating across Western Canada, the North Sea, and Offshore Africa. The current yield is 3.54%, with trailing twelve-month payments totaling $2.4250 per share. CNQ pays quarterly, with the next ex-dividend date on September 11, 2026. A beta of 0.944 puts CNQ stock close to market-average volatility, which suits dividend investors who want energy exposure without extreme price swings.
Canadian Natural Resources Limited pays out 43.2% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves a meaningful buffer, and CNQ's diversified production across synthetic crude oil, thermal bitumen, and natural gas provides multiple revenue streams rather than dependence on a single commodity price. Canadian Natural Resources Limited dividend safety faces its clearest pressure from energy price cycles: the dividend history shows a year-over-year decline in 2015 and again in 2019, both periods when commodity prices fell sharply.
Canadian Natural Resources Limited dividend history shows a CAGR of 20.1% per year from 2009 to 2025. The per-share annual dividend grew from $0.0905 to $1.6948 over that period (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 123.8% in 2022, reflecting the commodity price surge that year.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -1.1% | $1.75 (2022) | $1.69 (2025) |
| 5-Year | +22.3% | $0.62 (2020) | $1.69 (2025) |
| 10-Year | +17.3% | $0.34 (2015) | $1.69 (2025) |
CNQ fits dividend investors who want meaningful income from an energy producer with a long growth record, and who can tolerate the commodity-driven volatility that comes with it. The current yield of 3.54% falls in the moderate (2–4%) range, sitting below the 5-year average yield of 4.07%, which means buyers today are paying a slight premium relative to recent history. The 43.2% payout ratio keeps the dividend covered with room to spare. What investors gain is a high historical growth rate of 20.1% per year; what they accept is a dividend that has pulled back during energy downturns, as the history table shows.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-11 | $0.4508 |
| 2026-06-23 | $0.4402 |
| 2026-03-20 | $0.4551 |
| 2025-12-12 | $0.4263 |
| 2025-09-19 | $0.4266 |
| 2025-06-13 | $0.4327 |
| 2025-03-21 | $0.4092 |
| 2024-12-13 | $0.3949 |
| 2024-09-13 | $0.3866 |
| 2024-06-17 | $0.3818 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.3461 |
| 2025 | $1.6948 |
| 2024 | $1.5516 |
| 2023 | $1.3646 |
| 2022 | $1.7514 |
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