Continues Impressive Dividend Growth Amid Challenging Oil Prices
Canadian Natural Resources Limited (NYSE:CNQ) is one of Best Dividend Stocks to Buy for Dependable Dividend Growth.
The company has built a strong reputation for dividend reliability, having raised its payout for 25 consecutive years, which is a notable feat for a company tied to commodity price cycles. In 2024 alone, the board approved three dividend increases, and it has already raised the payout again in 2025, despite weaker oil prices. Over the past five years, dividends have grown at an average annual rate of 22.5%.
A vast oil rig pumping crude oil during a sunset, emphasizing the company's focus on oil & gas exploration and production.
In addition to steady dividends, Canadian Natural Resources Limited (NYSE:CNQ) has delivered impressive capital gains of about 296% over the past five years. This performance is backed by its strong production mix, long-life low-decline assets, efficient operations, and disciplined capital management, all of which support robust distributable cash flow.
Its high-value, zero-decline synthetic crude production adds operational stability and keeps reserve replacement costs low. The company also maintains a healthy cash position, generating $4.3 billion in operating cash flow in Q1 2025, of which $1.8 billion was returned to shareholders via dividends and buybacks. The company currently offers a quarterly dividend of C$0.5875 per share and has a dividend yield of 5.09%, as of June 17.
Canadian Natural Resources Limited (NYSE:CNQ) is a major energy company engaged in exploring, developing, producing, and marketing crude oil and natural gas.
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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