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Analyzing NYSE:CNQ's Dividend Potential.

By Mill Chart

Last update: Nov 6, 2023

Unearth the potential of CANADIAN NATURAL RESOURCES (NYSE:CNQ) as a dividend stock recommended by our stock screening tool. NYSE:CNQ maintains a robust financial footing and delivers a sustainable dividend. We'll delve into the details below.

Assessing Dividend Metrics for NYSE:CNQ

To gauge a stock's dividend quality, ChartMill utilizes a Dividend Rating ranging from 0 to 10. This comprehensive assessment considers various dividend aspects, including yield, history, growth, and sustainability. NYSE:CNQ has achieved a 7 out of 10:

  • CNQ has a Yearly Dividend Yield of 4.37%, which is a nice return.
  • CNQ's Dividend Yield is a higher than the industry average which is at 6.94.
  • CNQ's Dividend Yield is rather good when compared to the S&P500 average which is at 2.71.
  • On average, the dividend of CNQ grows each year by 32.24%, which is quite nice.
  • CNQ has paid a dividend for at least 10 years, which is a reliable track record.
  • As CNQ did not decrease their dividend in the past 5 years, we can say the dividend looks stable.

Health Analysis for NYSE:CNQ

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NYSE:CNQ, the assigned 5 reflects its health status:

  • An Altman-Z score of 3.00 indicates that CNQ is not in any danger for bankruptcy at the moment.
  • CNQ's Altman-Z score of 3.00 is fine compared to the rest of the industry. CNQ outperforms 71.82% of its industry peers.
  • CNQ has a debt to FCF ratio of 1.90. This is a very positive value and a sign of high solvency as it would only need 1.90 years to pay back of all of its debts.
  • CNQ has a Debt to FCF ratio of 1.90. This is in the better half of the industry: CNQ outperforms 72.73% of its industry peers.
  • CNQ has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
  • CNQ has a better Debt to Equity ratio (0.29) than 63.64% of its industry peers.

Profitability Analysis for NYSE:CNQ

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:CNQ, the assigned 5 is a significant indicator of profitability:

  • CNQ's Profit Margin has improved in the last couple of years.
  • CNQ's Operating Margin has improved in the last couple of years.
  • CNQ's Gross Margin has improved in the last couple of years.

Our Best Dividend screener lists more Best Dividend stocks and is updated daily.

For an up to date full fundamental analysis you can check the fundamental report of CNQ

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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CANADIAN NATURAL RESOURCES

NYSE:CNQ (2/21/2024, 7:04:00 PM)

After market: 65.06 0 (0%)

65.06

+1.87 (+2.96%)

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