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Uncovering Dividend Opportunities with NYSE:CNQ.

By Mill Chart

Last update: Feb 26, 2024

CANADIAN NATURAL RESOURCES (NYSE:CNQ) has caught the attention of dividend investors as a stock worth considering. NYSE:CNQ excels in profitability, solvency, and liquidity, all while providing a decent dividend. Let's delve into the details.

Dividend Analysis for NYSE:CNQ

ChartMill employs its own Dividend Rating system for all stocks. This score, on a scale of 0 to 10, is determined by evaluating different dividend factors, such as yield, historical performance, dividend growth, and sustainability. NYSE:CNQ has been assigned a 7 for dividend:

  • 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 6.36.
  • Compared to an average S&P500 Dividend Yield of 2.45, CNQ pays a better dividend.
  • On average, the dividend of CNQ grows each year by 32.24%, which is quite nice.
  • CNQ has been paying a dividend for at least 10 years, so it has a reliable track record.
  • CNQ has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.

A Closer Look at Health for NYSE:CNQ

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:CNQ scores a 5 out of 10:

  • CNQ has a Altman-Z score of 2.93. This is in the better half of the industry: CNQ outperforms 73.36% of its industry peers.
  • The Debt to FCF ratio of CNQ is 1.90, which is an excellent value as it means it would take CNQ, only 1.90 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 1.90, CNQ is doing good in the industry, outperforming 73.36% of the companies in the same industry.
  • A Debt/Equity ratio of 0.29 indicates that CNQ is not too dependend on debt financing.
  • The Debt to Equity ratio of CNQ (0.29) is better than 63.55% of its industry peers.

Profitability Examination for NYSE:CNQ

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

  • 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.

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

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

After market: 76.61 0 (0%)

76.61

+1.24 (+1.65%)

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