SmarterDividends
CNQ

Canadian Natural Resources Limited

CNQ

Energy · Oil & Gas E&P · Stock · quarterly payer

$54.81

Overvalued · -36% Add to Portfolio

Forward Yield

3.25%

Annual Dividend

$1.76

Payout Ratio

43%

5-Yr Growth

22.1%

Ex-Date

Sep 11, 2026

Frequency

Quarterly

Key facts about CNQ's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 29, 2026, Canadian Natural Resources Limited (CNQ) has a forward dividend yield of 3.25%, based on an annual dividend of $1.76 per share and a share price of $54.81.
  • As of Oct 29, 2026, CNQ's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Canadian Natural Resources Limited (CNQ) has raised its dividend for 10 consecutive years as of Oct 29, 2026.
  • CNQ last cut its regular dividend in 2015.
  • CNQ's most recent ex-dividend date was Sep 11, 2026, for a dividend of $0.45 per share.
  • As of Oct 29, 2026, CNQ pays out 43% of its trailing 12-month earnings as dividends (its payout ratio).
  • CNQ's dividend has grown at an average rate of 22.1% a year over the past five years.
  • As of Oct 29, 2026, CNQ's 3.25% yield is 28% below its five-year average yield of 4.50%.
  • As of Oct 29, 2026, SmarterDividends' blended fair-value estimate for CNQ is $35.06 per share, 36% below the $54.81 share price, so CNQ screens as overvalued.
  • Canadian Natural Resources Limited (CNQ) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "CNQ Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 29, 2026, https://smarterdividends.com/stocks/CNQ

Summary

As of Oct 29, 2026, Canadian Natural Resources Limited (CNQ) yields 3.25% ($1.76 a year per share), has a dividend safety grade of C (65/100) and has 10 consecutive years of dividend increases on record.

Is CNQ a good dividend stock?

Yes, with caveats

Canadian Natural Resources Limited (CNQ) pays a quarterly dividend yielding 3.25% ($1.76/yr), with 10 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • 10 consecutive years of dividend growth
  • Comfortable payout ratio (43%)
  • Strong 22.1% 5-yr dividend growth
  • 175% total price return over 5 years

Risks

  • Cut its dividend in 2015

Key Data

Dividend Yield
3.25%
Payout Ratio
43%
Annual Dividend
$1.76
5-Yr Avg Growth
22.1%
Ex-Dividend Date
Sep 11, 2026
Years of Growth
10
Frequency
quarterly
Beta
0.94
Market Cap
$113.0B
P/E Ratio
13.5
5-Yr Total Return
175%
52-Week Range
$30.13 – $55.50
Dividend Safety
C · 65/100
Ever Cut?
Yes (2015)

CNQ dividend changes

Canadian Natural Resources Limited (CNQ) pays a variable dividend: across the 102 payments on record since 2001, 60 were higher than the one before and 22 lower. The latest change was up 2.3% to $0.452 per share, going ex-dividend on Sep 11, 2026.

Ex-dateChangeOld → newMove
Sep 11, 2026Higher$0.442 → $0.452+2.3%
Jun 23, 2026Lower$0.455 → $0.442−2.9%
Mar 20, 2026Higher$0.432 → $0.455+5.3%
Jun 13, 2025Higher$0.410 → $0.432+5.4%
Mar 21, 2025Higher$0.390 → $0.410+5.1%
Dec 13, 2024Higher$0.387 → $0.390+0.8%
Sep 13, 2024Higher$0.382 → $0.387+1.3%
Jun 17, 2024Lower$0.390 → $0.382−2.1%
Mar 14, 2024Higher$0.368 → $0.390+6.0%
Dec 7, 2023Higher$0.332 → $0.368+10.8%
Sep 14, 2023Lower$0.338 → $0.332−1.8%
Jun 15, 2023Higher$0.327 → $0.338+3.4%
Every CNQ payment →Download every raise and cut (CSV)
CNQ ex-dividend date & scheduleNext ex-date Sep 11, 2026 · full ex-dividend historyView →CNQ dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is CNQ a good dividend stock?

Yes, with caveats. Canadian Natural Resources Limited (CNQ) pays a quarterly dividend yielding 3.25% ($1.76/yr), with 10 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is CNQ undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CNQ's fair value is about $35.06 versus a $54.81 share price — so it looks overvalued (-36% vs. fair value).

Is CNQ's dividend safe?

CNQ has a dividend-safety grade of C (65/100), based on its payout coverage, free-cash-flow, 10-year growth streak, a dividend cut in 2015, debt and yield-versus-history.

What is CNQ's fair value?

Our blended fair-value estimate for CNQ is about $35.06 per share, about 36% below the current $54.81 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CNQ a buy, hold, or sell?

We don't issue formal ratings, but on the data CNQ screens as "yes, with caveats" and overvalued. Canadian Natural Resources Limited (CNQ) pays a quarterly dividend yielding 3.25% ($1.76/yr), with 10 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will CNQ cut its dividend?

CNQ earns a dividend-safety grade of C (65/100), and has cut its dividend before (last in 2015). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CNQ pay a dividend?

Yes. Canadian Natural Resources Limited pays a quarterly dividend of about $1.76 per share annually, a forward yield of roughly 3.25%.

What is CNQ's dividend yield?

As of Oct 29, 2026, CNQ's forward dividend yield is 3.25%, based on a $1.76 annual dividend and a $54.81 share price.

What is CNQ's dividend per share?

As of Oct 29, 2026, CNQ pays $1.76 per share per year, distributed on a quarterly basis.

What is CNQ's dividend payout ratio?

As of Oct 29, 2026, CNQ's payout ratio is 43% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has CNQ grown its dividend?

As of Oct 29, 2026, CNQ has increased its dividend for 10 consecutive years.

When is the next CNQ ex-dividend date?

As of Oct 29, 2026, CNQ's next ex-dividend date hasn't been announced. The most recent was Sep 11, 2026, for $0.45 per share.

CNQ Dividend News

CNQ
IncreaseCNQ·Sep 12, 2026

Canadian Natural (CNQ) U.S. Dividend Rises 2.3% to $0.452, 26-Year Streak

Canadian Natural Resources’ CNQ dividend rises to $0.452 a share for U.S. holders as record operating results and cash flow support the quarterly payout.

Income Calculator

At $1.76 / yr per share

Per payment (quarterly)$44.00
Annual$176.00
Monthly avg$14.67

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