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

Consider CANADIAN NATURAL RESOURCES (NYSE:CNQ) as a top pick for dividend investors, identified by our stock screening tool. NYSE:CNQ shines in terms of profitability, solvency, and liquidity, all while paying a decent dividend. Let's dive deeper into the analysis.

ChartMill's Evaluation of Dividend

ChartMill assigns a proprietary Dividend Rating to each stock. The score is computed by evaluating various valuation aspects, like the yield, the history, the dividend growth and sustainability. NYSE:CNQ was assigned a score of 7 for dividend:

• CNQ has a Yearly Dividend Yield of 4.61%, which is a nice return.
• CNQ's Dividend Yield is a higher than the industry average which is at 7.31.
• CNQ's Dividend Yield is rather good when compared to the S&P500 average which is at 2.47.
• 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 a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NYSE:CNQ, the assigned 5 for health provides valuable insights:

• Looking at the Altman-Z score, with a value of 2.92, CNQ is in the better half of the industry, outperforming 72.56% of the companies in the same industry.
• 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.
• The Debt to FCF ratio of CNQ (1.90) is better than 72.09% 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.
• The Debt to Equity ratio of CNQ (0.29) is better than 64.19% of its industry peers.

Profitability Insights: NYSE:CNQ

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:CNQ, the assigned 5 is noteworthy for profitability:

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

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

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.