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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Canadian Natural Resources Limited (CNQ) pays a $2.43 annual dividend, yielding 3.48% at $50.46/share. Next ex-dividend date 2026-09-11. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.48%
Annual Dividend: $2.43 per share
Payout Ratio: 42.4%
Ex-Dividend Date: 2026-09-11
Sector: Energy
Years of Dividend History: 26
Canadian Natural Resources Limited dividend investors are looking at a company that produces crude oil, bitumen, synthetic crude oil, and natural gas across Western Canada, the North Sea, and offshore West Africa. The current yield is 3.48%, with a trailing annual dividend rate of $2.4250 per share. The next ex-dividend date is September 11, 2026, with the last dividend payment of $0.4527 per share. CNQ's beta of 0.878 places it below the broader market in price volatility, which appeals to income investors who want energy exposure without the full swing of the sector.
Canadian Natural Resources Limited pays out 42.4% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves a meaningful buffer, meaning the company retains more than half of earnings before the dividend makes any claim on them. Canadian Natural Resources Limited dividend safety gets its clearest support from that payout cushion, though the data also shows at least one year-over-year dividend decline in the historical window, which is a real consideration for income investors. Energy prices drive CNQ's revenue, and commodity cycles can compress earnings quickly, putting pressure on a payout that looks comfortable today.
Canadian Natural Resources Limited dividend history shows a CAGR of 9.2% per year from 2008 to 2025. Per-share payments grew from $0.3796 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 109.7% in 2022, reflecting the sharp commodity price environment that year. The data also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -21.8% | $3.54 (2022) | $1.69 (2025) |
| 5-Year | +6.0% | $1.27 (2020) | $1.69 (2025) |
| 10-Year | +8.4% | $0.75 (2015) | $1.69 (2025) |
CNQ fits dividend investors who want moderate income from a large-scale energy producer with a diversified hydrocarbon portfolio. The current yield of 3.48% sits in the moderate (2–4%) range, and it runs below the 5-year average yield of 4.6%, meaning today's entry point delivers less income than the historical norm. The 42.4% payout ratio keeps the dividend from looking stretched, but the history of at least one meaningful cut is a real data point, not a footnote. What an investor gets here is a 9.2% annualized growth rate over 17 years paired with commodity-linked volatility that has produced both the biggest gains and the sharpest pullbacks in the dividend table.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-11 | $0.4527 |
| 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 | $0.3951 |
| 2024-09-13 | $0.3866 |
| 2024-06-17 | $0.3818 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.3480 |
| 2025 | $1.6948 |
| 2024 | $1.9402 |
| 2023 | $2.7350 |
| 2022 | $3.5412 |
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