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DailyBubble News

Canadian Natural Resources (TSE:CNQ) Has Announced A Dividend Of CA$1.05

Canadian Natural Resources Limited (TSE:CNQ) has announced that it will pay a dividend on the 5th of July, with investors receiving CA$1.05 per share. The dividend yield is currently 4.1%, which is relatively low despite the increase in dividend payment.

Canadian Natural Resources’ earnings easily cover the last dividend payment, indicating that the company is reinvesting a significant portion of its earnings back into the business for growth. With an expected EPS growth of 23.9% next year, the payout ratio could be around 54%, which seems sustainable.

The company has a solid track record of stable dividend payments, with distributions growing at an impressive rate of 24% per annum since 2014. This consistent growth provides reassurance that future payments will also be reliable.

Investors may be attracted to Canadian Natural Resources based on its quality payment history and earnings growth of 23% per year over the past five years. The company’s ability to grow while returning capital to shareholders makes it an attractive dividend stock.

Overall, Canadian Natural Resources appears to be a strong income stock with potential for further dividend growth. However, investors should be aware of potential risks, including a warning sign identified for the company. As always, it’s important to conduct thorough research before investing in any stock.

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