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5mo ago

Canadian Natural Declares 25th Consecutive Annual Dividend Increase

The company announces a quarterly dividend of C$0.5875, highlighting record production, robust profitability, and operational resilience in volatile markets.

Canadian Natural Resources logo is shown at the company's annual meeting in Calgary on May 4, 2017. THE CANADIAN PRESS/Jeff McIntosh

Overview

  • Canadian Natural has declared a quarterly cash dividend of C$0.5875 per share, payable on July 3, 2025, to shareholders of record as of June 13, 2025.
  • This marks the 25th consecutive year of dividend increases, achieving a compound annual growth rate of 21% since inception.
  • The company reported record production and profits in Q1 2025, supported by strategic cost management and a break-even oil price of approximately US$40 per barrel.
  • A diversified asset base, including operations in Western Canada, the U.K. North Sea, and Offshore Africa, underpins its financial stability and operational flexibility.
  • The Board's confidence in the sustainability of its business model and strong balance sheet is reflected in its consistent dividend growth and strategic capital allocation.