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Why NYSE:CNQ is a Top Pick for Dividend Investors.

By Mill Chart

Last update: Dec 20, 2023

Our stock screener has spotted CANADIAN NATURAL RESOURCES (NYSE:CNQ) as a good dividend stock with solid fundamentals. NYSE:CNQ shows decent health and profitability. At the same time it gives a good and sustainable dividend. We'll dive into each aspect below.

How do we evaluate the Dividend for NYSE:CNQ?

ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. NYSE:CNQ scores a 7 out of 10:

  • With a Yearly Dividend Yield of 4.61%, CNQ is a good candidate for dividend investing.
  • CNQ's Dividend Yield is a higher than the industry average which is at 6.89.
  • CNQ's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
  • The dividend of CNQ is nicely growing with an annual growth rate of 32.24%!
  • 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.

Looking at the Health

ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NYSE:CNQ has earned a 5 out of 10:

  • CNQ's Altman-Z score of 2.89 is fine compared to the rest of the industry. CNQ outperforms 70.97% 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.
  • With a decent Debt to FCF ratio value of 1.90, CNQ is doing good in the industry, outperforming 72.35% 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 64.98% of its industry peers.

How do we evaluate the Profitability for NYSE:CNQ?

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:CNQ has achieved a 5:

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

More Best Dividend stocks can be found in our Best Dividend screener.

Check the latest full fundamental report of CNQ for a complete fundamental analysis.

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 (5/24/2024, 7:20:31 PM)

After market: 76.61 0 (0%)

76.61

+1.24 (+1.65%)

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