This Oil and Gas Producer Has Raised its Dividend for 25 Consecutive Years

Canadian Natural Resources Limited (NYSE:CNQ) is included among the 12 Best Oil and Gas Dividend Stocks to Buy Now.

Canadian Natural Resources Limited (NYSE:CNQ) has increased its dividend for 25 consecutive years with a CAGR of 21% over the period, putting it among the 11 Best Canadian Dividend Stocks to Buy Now. In 2024 alone, the company approved three dividend increases and has already raised the payout again in 2025, despite weaker oil prices. CNQ announced a quarterly dividend of $0.5875 per share in May and currently boasts an annual dividend yield of 5.52%.

Canadian Natural Resources Limited (NYSE:CNQ)’s industry-leading cost structure and predictable, long-life, low decline assets and reserve base allow it to have a break-even that remains in the low-to-mid $40 WTI range. This enables the company to remain profitable and sustain shareholders’ payouts even during periods of excessive market volatility.

Canadian Natural Resources Limited (NYSE:CNQ) is one of the largest independent crude oil and natural gas producers in the world. continuing operations in its core areas located in Western Canada, the UK portion of the North Sea, and offshore Africa.

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Disclosure: None.