Latest news with #CNQ
Yahoo
a day ago
- Business
- Yahoo
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. READ NEXT: and Disclosure. None.
Yahoo
2 days ago
- Business
- Yahoo
The $25,000 Approach to Building Lasting Wealth
Written by Adam Othman at The Motley Fool Canada Being a stock market investor in Canada can be a blessing due to the introduction of the Tax-Free Savings Account (TFSA). The Canadian government introduced it in 2009 to encourage Canadians to save more money. The incentive through the TFSA? Any earnings made from assets held in the 'savings' account will be tax-free. You can use the account to hold cash and generate interest income without incurring taxes on it. However, there's a lot more that you can do with the contribution room you get in the account. You can even allocate some of the contribution room to buy and hold stocks to generate tax-free wealth growth through capital gains and dividends. The Canadian energy sector has long been an attractive space for Canadian investors seeking long-term dividend income. Canadian Natural Resources Ltd. (TSX:CNQ), perhaps one of the most reliable energy producers in the country, may be ideal for this purpose. Canadian Natural Resources is a $94.7 billion market-cap Calgary-based energy producer. It is a top dividend stock that might offer some upside potential to investors. CNQ produces oil and gas, boasting vast natural gas resources in Western Canada and significant operations off the coast in Africa and the North Sea. The business is well-capitalized, and has a track record of making good acquisitions at opportune times and an impeccable reputation for paying investors their dividends. It has increased payouts for the last 25 years without fail. As of this writing, it trades for $45.24 per share and boasts a 5.2% annualized dividend yield that you can lock into your portfolio. Enbridge Inc. (TSX:ENB) is another top Canadian energy stock. Boasting a $136.05 billion market capitalization, the Calgary-based company is an energy infrastructure company. It has an extensive pipeline network responsible for transporting a lot of the hydrocarbons produced and consumed in North America. The company also boasts one of the largest regulated natural gas utility businesses under its belt, alongside a growing portfolio of renewable energy assets. Enbridge charges other energy producers for using its network, marginally shielding the company from the effects of volatile commodity prices. Its utility segment provides stable and predictable cash flows. The growing renewable energy arm will future-proof the company in a greener energy industry. As of this writing, ENB stock trades for $62.41 per share, with a 6% annualized dividend yield, and it boasts an over three-decade dividend-growth streak. The TFSA can be an ideal investment vehicle for anyone with a sound long-term strategy. When using it to invest in dividend stocks, you can use the quarterly or monthly distributions to line your account balance with extra cash. If you choose to reinvest the dividends using a Dividend Reinvestment Plan (DRIP), you can unlock the power of compounding and accelerate your wealth growth. To this end, high-quality dividend stocks that keep increasing payouts like ENB stock and CNQ stock can be worthwhile investments to consider. The post The $25,000 Approach to Building Lasting Wealth appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool recommends Canadian Natural Resources and Enbridge. The Motley Fool has a disclosure policy. 2025
Yahoo
3 days ago
- Business
- Yahoo
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. READ NEXT: and Disclosure. None.
Yahoo
13-06-2025
- Business
- Yahoo
An Energy Stock Down 18% to Buy Right Now
Written by Andrew Walker at The Motley Fool Canada Canadian Natural Resources (TSX:CNQ) picked up a nice tailwind over the past two months, but the stock is still down about 18% from its 2024 high. Investors who missed the recent bounce off the 12-month low are wondering if CNQ stock is still undervalued and good to buy for a self-directed Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP) portfolio focused on dividends and long-term total returns. CNRL trades near $45 per share at the time of writing. The stock dipped as low as $35 two months ago during the market rout caused by the announcement of widespread U.S. tariffs. CNRL traded as high as $55 in April 2024, but has been on a downward trend since that time. Falling oil prices are the main reason the stock pulled back over the past year. Weak demand in China and rising production from non-OPEC members, including Canada and the United States, combined to put pressure on oil markets through the second half of 2024. The continued weakness so far in 2025 is attributed to uncertainty around how the U.S. tariffs will ultimately impact the American and global economies. Additional economic pain in China and a recession in the United States would likely put additional pressure on oil demand and lead to lower prices. The two countries are the largest users of oil in the world. Hopes for a near-term trade deal between the United States and China have provided some support to oil markets in recent weeks. A finalized agreement could provide a big boost. Geopolitics is also playing a role in the energy market in the past few days. West Texas Intermediate (WTI) oil trades near US$73 per barrel at the time of writing. It is up from US$60 at the end of May, driven higher by concerns that there could be a major supply disruption in the Middle East after Israel's latest air strikes on Iran. Prices could soar much higher if Iran closes the Strait of Hormuz, where roughly 20% of global oil supply has to pass to get to international markets Energy analysts widely expect the oil market to be oversupplied into 2026, based on anticipated production and consumption levels. If the geopolitical premium evaporates, WTI oil could quickly retest the US$60 point, so investors should brace for some near-term volatility. CNRL continues to focus on growing production and allocating capital to the best opportunities across its asset portfolio. The company has oil sands, conventional heavy oil, conventional light oil, offshore oil, and natural gas production. CNRL achieved record quarterly oil and natural gas production in the first three months of 2025. Adjusted net earnings came in at $2.44 billion in Q1 2025 compared to $1.98 billion in Q4 2024. Higher output, contributions from a major acquisition, and strong natural gas prices helped drive the improved profits. The board raised the dividend by 4% in March. This follows two dividend increases in 2024 and marks the 25th consecutive year the company has increased the distribution. Market turbulence should be expected in the coming weeks and months, so I wouldn't back up the truck. That being said, CNRL already trades at a discounted price and you get paid a solid 5.2% dividend yield to wait for things to settle down. If you have some cash to put to work, this stock deserves to be on your radar. The post An Energy Stock Down 18% to Buy Right Now appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube The Motley Fool recommends Canadian Natural Resources. The Motley Fool has a disclosure policy. Fool contributor Andrew Walker has no position in any stock mentioned. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Beat the Market With These Cash-Gushing Dividend Stocks
Written by Robin Brown at The Motley Fool Canada Dividend stocks are known for boring businesses that only generate modest total returns after they pay their dividends. While this is true for some dividend stocks, it is a generalization that shrewd investors should look beyond. Some of the best-performing stocks in Canada pay a modest, growing dividend. Even with the dividend, they can still re-invest capital to grow and compound their business. They are harder to find. However, if you are willing to sacrifice some yield for better total returns, there are some gems that could be highly rewarding in the Canadian market. If you want dividend income but also want to beat the market, these cash-gushing dividend stocks could be interesting today. Canadian Natural Resources (TSX:CNQ) is one of Canada's top cash cows. Certainly, as an energy producer, it is subject to commodity pricing. However, it has built its operations to withstand a variety of challenging environments. It has an industry-leading low cost of production. The company has dialled in its production to factory efficiency. Consequently, even at low energy prices, it can generate strong free cash flows. Likewise, it has large businesses in both oil and gas. Gas prices have been more resilient in 2025, so that helps offset the volatility in oil prices. Canadian Natural is built for the decades. It has energy reserves that could last for more than 50 years ahead. CNQ has a record of growing its annual dividend for the past 25 years (at a 20% rate, no less)! Today, it yields 5.4%, and its valuation is relatively attractive if you have a long investment horizon. Another stock that gushes cash is Canadian Pacific Kansas City (TSX:CP). As opposed to CNQ, it has a miniscule dividend yield of 0.82%. While that isn't large, the company is in a position to generate strong total returns in the coming years. Since CP acquired Kansas City Southern at the end of 2021, it has consistently delivered some of the best results in the industry. A combination of synergies, operational improvements, and an expanded North America-wide network is creating substantial growth opportunities. CP has quickly been reducing debt from its acquisition. Last quarter, it returned to a dividend-growth posture by increasing its dividend by 20%. It also announced a 4% share buyback. All in all, the company is in a strong position to keep outperforming the industry. Further returns to shareholders are likely as it continues to execute and maximize cash generation. A final dividend stock worth buying for market-beating returns is TFI International (TSX:TFII). This is a bit of a riskier play because the trucking environment has been abysmal in the past few years. TFI's stock is down 36% this year. However, that is also where the opportunity lies. TFI's stock is beaten down. Any improvement in the economic environment will help push up TFI's earnings. The company is a very lean operator. It is an expert at acquiring transport companies and turning them into cash machines. It could use the downturn to be opportunistic in its acquisition agenda. The company has some work to do to clean up its U.S. operations. However, if it is successful, investors could see a nice uptick in earnings and cash generation. If you don't mind holding a stock with a bit of haze around it, now could be a great time to add TFI. It yields 2% today and has a record of annually increasing its dividend. The post Beat the Market With These Cash-Gushing Dividend Stocks appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Robin Brown has positions in TFI International. The Motley Fool recommends Canadian Natural Resources, Canadian Pacific Kansas City, and TFI International. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
