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Data last updated: Aug 18, 2026
Snapshot (as of Aug 18, 2026): Canadian Natural Resources Limited (CNQ.TO) pays a $2.43 annual dividend ($0.63 quarterly), yielding 3.54% at $68.56/share. Next ex-dividend date 2026-09-11. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.54%
Annual Dividend: $2.43 per share
Payout Ratio: 42.4%
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 one of Canada's largest integrated energy producers, spanning crude oil, bitumen, synthetic crude oil, and natural gas across Western Canada and beyond. The current yield sits at 3.54%, with a trailing annual dividend rate of $2.4250 per share paid quarterly. The next ex-dividend date is September 11, 2026. With a beta of 0.878, CNQ.TO stock moves somewhat less than the broader market, which appeals to income investors who want energy exposure without the full volatility 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, supported by a diversified product base that includes synthetic crude oil, bitumen, light and heavy crude, and natural gas across multiple geographies. Canadian Natural Resources Limited dividend safety faces its clearest pressure from commodity price swings: oil and gas revenues are inherently cyclical, and a sustained downturn in energy prices would directly compress the earnings that underpin the current payout.
Canadian Natural Resources Limited dividend history shows a CAGR of 11.4% per year from 2009 to 2025. Per-share payments grew from $0.4200 to $2.3500 over that window (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 130.3% in 2022, reflecting the sharp commodity price environment that year. The data also contains at least one year-over-year decline exceeding 5%, so the growth path has not been linear. For income investors, 11.4% annualized growth is a strong long-run rate, but the volatility in individual years means the dividend has moved with energy markets rather than on a steady schedule.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -20.1% | $4.60 (2022) | $2.35 (2025) |
| 5-Year | +6.7% | $1.70 (2020) | $2.35 (2025) |
| 10-Year | +9.8% | $0.92 (2015) | $2.35 (2025) |
CNQ.TO stock fits dividend investors who want meaningful income from a large integrated energy producer and can accept commodity-driven variability in dividend growth. The current yield of 3.54% falls in the moderate (2–4%) range, and it sits below the 5-year average yield of 4.46%, which means buyers today are getting less income relative to price than the historical norm. The 42.4% payout ratio provides a real cushion, and the 11.4% annualized growth rate over 16 years is genuinely strong. The trade-off is clear: Canadian Natural Resources Limited has delivered fast long-run dividend growth, but individual years have seen both sharp increases and declines tied to energy prices, not a smooth compounding schedule.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-11 | $0.6250 |
| 2026-06-23 | $0.6250 |
| 2026-03-20 | $0.6250 |
| 2025-12-12 | $0.5875 |
| 2025-09-19 | $0.5875 |
| 2025-06-13 | $0.5875 |
| 2025-03-21 | $0.5875 |
| 2024-12-13 | $0.5625 |
| 2024-09-13 | $0.5250 |
| 2024-06-17 | $0.5250 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.8750 |
| 2025 | $2.3500 |
| 2024 | $2.6625 |
| 2023 | $3.7000 |
| 2022 | $4.6000 |
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