CNQ's Dividend History: What Investors Should Know Before Buying

Canadian Natural Resources Limited (NYSE:CNQ) is included among the 11 Best Canadian Dividend Stocks to Buy Now.

Canadian Natural Resources Limited (NYSE:CNQ) is an oil and gas producer that has built a reputation for dependable dividend payments and steady increases over time. Its wide-ranging portfolio of long-lasting, low-decline assets requires minimal upkeep, allowing the company to generate strong free cash flow even when commodity prices are unstable. In addition, its low break-even point for maintaining operations and supporting dividends provides a buffer during market downturns and supports growth when conditions improve.

Canadian Natural Resources Limited (NYSE:CNQ) is steadily strengthening its financial position, with efforts aimed at reducing net debt. In the first quarter of 2025, the company lowered its net debt by $1.4 billion. As of March 31, it had around $5.1 billion in available liquidity, putting it in a strong position to take advantage of strategic acquisition opportunities or take further steps to boost shareholder returns. In the most recent quarter, the company generated $4.3 billion in operating cash flow.

Canadian Natural Resources Limited (NYSE:CNQ) offers a quarterly dividend of C$0.5875 per share. The company last raised its payout in March this year, which was its 25th consecutive annual dividend hike. In addition, during this period, the company has raised its payout at a CAGR of 21%. The stock has a dividend yield of 5.53%, as of July 15.

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