Monday, October 7th the Board of Directors of Canadian Natural Resources Limited (CNQ) announced a quarterly dividend increase of from C$0.525 to C$0.5625 per share that’s payable January 3, 2025 to holders of record December 13, 2024. This represents a 7.14% increase over the last quarterly dividend. This will make 2025 the 25th consecutive year of dividend increases by Canadian Natural, with a CAGR of 21% over that time.
With current price C$49.43 (today's open), this raise brings their dividend yield to 4.55%.
Canadian Natural Resources is a member of Canadian Dividend All Star List with a 24 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 19.4, 29.6, 22.5 and 20.5 (Canadian Dividend All-Star List)
Since I own 200 shares of CNQ, this will increase my portfolio's projected annual net dividend income by $16.42.
This is the first dividend increase I've received from CNQ since I acquired my shares just a month ago.
This increase raises my Yield on Cost to 4.93%.
Summary of 2024 Dividend Increases / Cuts
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to see my portfolio holdings. You can follow the development of my
dividends here. Full Disclosure: Long CNQ Thanks for stopping by!
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