Canadian Natural Resources Limited (CNQ): A Dividend Stock Backed by Solid Cash Generation

Canadian Natural Resources Limited (NYSE:CNQ) is included among the 10 Cash-Rich Dividend Stocks to Buy Right Now.

Canadian Natural Resources Limited (NYSE:CNQ) engages in the production of oil and gas in Western Canada, the North Sea, and offshore Africa. The company is able to maintain a broad and balanced portfolio of assets with low reinvestment requirements, and over the years, effective reserve management, operational efficiencies, and reduced cost structures have translated to even lower WTI breakeven levels. This has allowed the company to retain and grow profitability and cash flow, the latter of which has funded unrelenting dividend growth.

Canadian Natural Resources Limited (NYSE:CNQ) has a quarterly dividend of C$0.5875 and has been increasing its dividend payouts for 25 years. As of September 27, the dividend yield stood at 5.22%.

Canadian Natural Resources Limited (NYSE:CNQ) has 32 years of proven reserve life index as well as extensive, high-value oil and natural gas reserves and products. More so, CNQ is also growing its production capacity and is expected to make a capital investment of $6 billion this year.

While we acknowledge the potential of CNQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.