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Why NYSE:CNQ provides a good dividend, while having solid fundamentals.

By Mill Chart

Last update: Nov 28, 2023

CANADIAN NATURAL RESOURCES (NYSE:CNQ) was identified as a stock worth exploring by dividend investors by our stock screener. NYSE:CNQ scores well on profitability, solvency and liquidity. At the same time it seems to pay a decent dividend. We'll explore this a bit deeper below.

Assessing Dividend for NYSE:CNQ

An integral part of ChartMill's stock analysis is the Dividend Rating, which spans from 0 to 10. This rating evaluates diverse dividend factors, including yield, historical data, growth, and sustainability. NYSE:CNQ has received a 7 out of 10:

  • With a Yearly Dividend Yield of 4.48%, CNQ is a good candidate for dividend investing.
  • CNQ's Dividend Yield is a higher than the industry average which is at 6.66.
  • CNQ's Dividend Yield is rather good when compared to the S&P500 average which is at 2.63.
  • The dividend of CNQ is nicely growing with an annual growth rate of 32.24%!
  • CNQ has been paying a dividend for at least 10 years, so it has a reliable track record.
  • As CNQ did not decrease their dividend in the past 5 years, we can say the dividend looks stable.

Understanding NYSE:CNQ's Health Score

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:CNQ has achieved a 5 out of 10:

  • CNQ's Altman-Z score of 2.91 is fine compared to the rest of the industry. CNQ outperforms 72.22% 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.
  • Looking at the Debt to FCF ratio, with a value of 1.90, CNQ is in the better half of the industry, outperforming 71.76% of the companies in the same industry.
  • 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 Debt to Equity ratio of 0.29. This is in the better half of the industry: CNQ outperforms 64.81% of its industry peers.

Profitability Assessment of NYSE:CNQ

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NYSE:CNQ scores a 5 out of 10:

  • In the last couple of years the Profit Margin of CNQ has grown nicely.
  • 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.

Our latest full fundamental report of CNQ contains the most current fundamental analsysis.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.

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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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