Canadian Natural Resources Limited
CNQEnergy · Stock · quarterly payer
Forward Yield
4.01%
Annual Dividend
$1.76
Payout Ratio
46%
5-Yr Growth
22.1%
Ex-Date
Jun 23, 2026
Frequency
Quarterly
Summary
As of July 2026, Canadian Natural Resources Limited (CNQ) yields 4.01% ($1.76 per share annually), with a blended fair-value estimate of $47.19 — +8% upside, so it screens as fairly valued. Dividend safety grade: B (73/100). 10 years of dividend growth.
Is CNQ a good dividend stock?
Yes, with caveatsCanadian Natural Resources Limited (CNQ) pays a quarterly dividend yielding 4.01% ($1.76/yr), with 10 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- 10 consecutive years of dividend growth
- Comfortable payout ratio (46%)
- Strong 22.1% 5-yr dividend growth
- 171% total price return over 5 years
Risks
- Cut its dividend in 2015
Key Data
- Dividend Yield
- 4.01%
- Payout Ratio
- 46%
- Annual Dividend
- $1.76
- 5-Yr Avg Growth
- 22.1%
- Ex-Dividend Date
- Jun 23, 2026
- Years of Growth
- 10
- Frequency
- quarterly
- Beta
- 0.88
- Market Cap
- $91.7B
- P/E Ratio
- 11.8
- 5-Yr Total Return
- 171%
- 52-Week Range
- $29.30 – $51.34
- Dividend Safety
- B · 73/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
CNQ Price — Last 12 Months
Daily close
Price Return
1 Year
+39%
3 Years
+36%
5 Years
+171%
52-Week Range
$29.30 – $51.34
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CNQ worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for Canadian Natural Resources Limited is $47.19 per share, versus a market price of $43.89. That implies the stock is roughly fairly priced.
Fair Value
$47.19
Current Price
$43.89
Gap
+8%
Margin of Safety
7%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -1.5% annual free-cash-flow growth. We model 3.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.7% discount rate (CAPM), 3.3% stage-1 growth, 2.5% terminal growth, $3.72 EPS, $1.76 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CNQ Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 23, 2026 | — | $0.4420 | regular |
| Mar 20, 2026 | — | $0.4550 | regular |
| Jun 13, 2025 | — | $0.4320 | regular |
| Mar 21, 2025 | — | $0.4100 | regular |
| Dec 13, 2024 | — | $0.3900 | regular |
| Sep 13, 2024 | — | $0.3870 | regular |
| Jun 17, 2024 | — | $0.3820 | regular |
| Mar 14, 2024 | — | $0.3900 | regular |
| Dec 7, 2023 | — | $0.3680 | regular |
| Sep 14, 2023 | — | $0.3320 | regular |
| Jun 15, 2023 | — | $0.3380 | regular |
| Mar 16, 2023 | — | $0.3270 | regular |
| Dec 15, 2022 | — | $0.3140 | regular |
| Sep 15, 2022 | — | $0.2850 | regular |
Income Calculator
At $1.76 / yr per share
