Canadian Natural Resources Limited (CNQ) Dividend Payout Ratio: 51.52%
Is Canadian Natural Resources Limited’s dividend payout ratio high or low?
Canadian Natural Resources Limited's dividend payout ratio of 51.52% is in line with its 5-year average of 52.92%, around the middle of its 5-year range (25.68%–93.21%).
As of Friday, June 12, 2026. 18.19% below its 12-month average of 62.98%.
Dividend Payout Ratio (51.52%) = TTM Dividends/Share ($1.74) / TTM EPS ($3.38)
CNQ Dividend Payout Ratio Chart
CNQ Average Dividend Payout Ratio Chart
CNQ Current vs Average Dividend Payout Ratio Chart
CNQ Dividend Payout Ratio Metrics
DIVIDEND PAYOUT RATIO
51.52%
DIVIDEND PAYOUT RATIO AVG TTM
62.98%
DIVIDEND PAYOUT RATIO AVG 3Y
60.16%
DIVIDEND PAYOUT RATIO AVG 5Y
52.92%
DIVIDEND PAYOUT RATIO AVG 10Y
81.14%
DIVIDEND PAYOUT RATIO AVG 15Y
64.02%
DIVIDEND PAYOUT RATIO AVG 20Y
48.62%
CURRENT VS TTM AVG
-18.19%
CURRENT VS 3Y AVG
-14.36%
CURRENT VS 5Y AVG
-2.64%
CURRENT VS 10Y AVG
-36.50%
CURRENT VS 15Y AVG
-19.52%
CURRENT VS 20Y AVG
+5.97%
Annual Payout Ratio History
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.76 | $1.69 | 45.0% |
| 2024 | $1.99 | $1.55 | 77.8% |
| 2023 | $2.82 | $1.36 | 48.4% |
| 2022 | $3.56 | $1.75 | 49.3% |
| 2021 | $2.56 | $0.78 | 30.6% |
| 2020 | ($0.14) | $0.62 | N/A (Loss) |
| 2019 | $1.75 | $0.55 | 31.7% |
| 2018 | $0.78 | $0.71 | 92.0% |
| 2017 | $0.81 | $0.42 | 51.5% |
| 2016 | ($0.07) | $0.35 | N/A (Loss) |
| 2015 | ($0.21) | $0.34 | N/A (Loss) |
| 2014 | $1.55 | $0.39 | 25.3% |
| 2013 | $0.98 | $0.27 | 27.3% |
| 2012 | $0.87 | $0.20 | 23.5% |
| 2011 | $1.18 | $0.18 | 14.8% |
| 2010 | $0.78 | $0.14 | 18.0% |
| 2009 | $0.69 | $0.09 | 13.1% |
| 2008 | $1.89 | $0.09 | 4.8% |
| 2007 | $1.21 | $0.08 | 6.4% |
| 2006 | $1.01 | $0.06 | 6.3% |
| 2005 | $0.42 | $0.05 | 11.9% |
| 2004 | $0.55 | $0.04 | 7.8% |
| 2003 | $0.25 | $0.04 | 14.7% |
| 2002 | $0.10 | $0.03 | 31.7% |
| 2001 | $0.11 | $0.02 | 19.4% |
| 2000 | $0.14 | $0.00 | 0.0% |
| 1999 | $0.04 | $0.00 | 0.0% |
| 1998 | $0.01 | $0.00 | 0.0% |
| 1997 | $0.03 | $0.00 | 0.0% |
| 1996 | $0.03 | $0.00 | 0.0% |
Canadian Natural Resources Limited Dividend Payout Ratio Formula & Definition
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. Lower leaves more room to grow the dividend; a ratio persistently above 100% means dividends exceed earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Canadian Natural Resources Limited Dividend Payout Ratio FAQ
- What is the dividend payout ratio for Canadian Natural Resources Limited (CNQ)?
- The dividend payout ratio for CNQ stock is 51.52%.
- Is Canadian Natural Resources Limited's dividend payout ratio high or low?
- Canadian Natural Resources Limited's dividend payout ratio of 51.52% is in line with its 5-year average of 52.92%, around the middle of its 5-year range (25.68%–93.21%).
- What is the TTM average dividend payout ratio for Canadian Natural Resources Limited (CNQ)?
- The TTM average dividend payout ratio for CNQ stock is 62.98%.
- What is the 3Y average dividend payout ratio for Canadian Natural Resources Limited (CNQ)?
- The 3Y average dividend payout ratio for CNQ stock is 60.16%.
- What is the 5Y average dividend payout ratio for Canadian Natural Resources Limited (CNQ)?
- The 5Y average dividend payout ratio for CNQ stock is 52.92%.
- What is the 10Y average dividend payout ratio for Canadian Natural Resources Limited (CNQ)?
- The 10Y average dividend payout ratio for CNQ stock is 81.14%.
- What is the 15Y average dividend payout ratio for Canadian Natural Resources Limited (CNQ)?
- The 15Y average dividend payout ratio for CNQ stock is 64.02%.
- What is the 20Y average dividend payout ratio for Canadian Natural Resources Limited (CNQ)?
- The 20Y average dividend payout ratio for CNQ stock is 48.62%.
Canadian Natural Resources Limited Dividend Payout Ratio History
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-06-11 | 51.52% |
| 2026-06-09 | 51.55% |
| 2026-06-05 | 51.54% |
| 2026-06-03 | 51.54% |
| 2026-06-01 | 51.55% |
| 2026-05-28 | 51.53% |
| 2026-05-26 | 51.56% |
| 2026-05-21 | 51.55% |
| 2026-05-19 | 51.53% |
| 2026-05-15 | 51.55% |
| 2026-05-13 | 51.56% |
| 2026-05-11 | 51.54% |
| 2026-05-07 | 51.55% |
| 2026-05-05 | 46.67% |
| 2026-05-01 | 46.67% |
| 2026-04-29 | 46.68% |
| 2026-04-27 | 46.67% |
| 2026-04-23 | 46.67% |
| 2026-04-21 | 46.66% |
| 2026-04-17 | 46.68% |
| 2026-04-15 | 46.66% |
| 2026-04-13 | 46.67% |
| 2026-04-09 | 46.66% |
| 2026-04-07 | 46.67% |
| 2026-04-02 | 46.66% |
| 2026-03-31 | 46.65% |
| 2026-03-27 | 46.67% |
| 2026-03-25 | 46.65% |
| 2026-03-23 | 77.18% |
| 2026-03-19 | 75.13% |
| 2026-03-17 | 75.12% |
| 2026-03-13 | 75.12% |
| 2026-03-11 | 75.13% |
| 2026-03-09 | 75.14% |
| 2026-03-05 | 75.13% |
| 2026-03-03 | 75.12% |
| 2026-02-27 | 75.12% |
| 2026-02-25 | 75.13% |
| 2026-02-23 | 75.13% |
| 2026-02-19 | 75.13% |
| 2026-02-17 | 75.12% |
| 2026-02-12 | 75.14% |
| 2026-02-10 | 75.12% |
| 2026-02-06 | 75.12% |
| 2026-02-04 | 75.13% |
| 2026-02-02 | 75.13% |
| 2026-01-29 | 75.14% |
| 2026-01-27 | 75.15% |
| 2026-01-23 | 75.13% |
| 2026-01-21 | 75.15% |
| 2026-01-16 | 75.14% |
| 2026-01-14 | 75.14% |
| 2026-01-12 | 75.14% |
| 2026-01-08 | 75.15% |
| 2026-01-06 | 75.11% |
| 2026-01-02 | 75.11% |
| 2025-12-30 | 75.12% |
| 2025-12-26 | 75.15% |
| 2025-12-23 | 75.11% |
| 2025-12-19 | 75.12% |
| 2025-12-17 | 75.11% |
| 2025-12-15 | 75.12% |
| 2025-12-11 | 73.73% |
| 2025-12-09 | 73.73% |
| 2025-12-05 | 73.71% |
| 2025-12-03 | 73.74% |
| 2025-12-01 | 73.72% |
| 2025-11-26 | 73.73% |
| 2025-11-24 | 73.75% |
| 2025-11-20 | 73.74% |
| 2025-11-18 | 73.72% |
| 2025-11-14 | 73.73% |
| 2025-11-12 | 73.73% |
| 2025-11-10 | 73.73% |
| 2025-11-06 | 73.74% |
| 2025-11-04 | 58.75% |
| 2025-10-31 | 58.75% |
| 2025-10-29 | 58.77% |
| 2025-10-27 | 58.77% |
| 2025-10-23 | 58.78% |
| 2025-10-21 | 58.78% |
| 2025-10-17 | 58.74% |
| 2025-10-15 | 58.75% |
| 2025-10-13 | 58.74% |
| 2025-10-09 | 58.73% |
| 2025-10-07 | 58.75% |
| 2025-10-03 | 58.74% |
| 2025-10-01 | 58.76% |
| 2025-09-29 | 58.74% |
| 2025-09-25 | 58.76% |
| 2025-09-23 | 58.74% |
| 2025-09-19 | 58.78% |
| 2025-09-17 | 43.68% |
| 2025-09-15 | 43.67% |
| 2025-09-11 | 57.35% |
| 2025-09-09 | 57.34% |
| 2025-09-05 | 57.32% |
| 2025-09-03 | 57.34% |
| 2025-08-29 | 57.34% |
| 2025-08-27 | 57.33% |
| 2025-08-25 | 57.35% |
| 2025-08-21 | 57.32% |
| 2025-08-19 | 57.33% |
| 2025-08-15 | 57.34% |
| 2025-08-13 | 57.37% |
| 2025-08-11 | 57.35% |
| 2025-08-07 | 57.35% |
| 2025-08-05 | 63.51% |
| 2025-08-01 | 63.48% |
| 2025-07-30 | 63.51% |
| 2025-07-28 | 63.48% |
| 2025-07-24 | 63.52% |
| 2025-07-22 | 63.48% |
| 2025-07-18 | 63.49% |
| 2025-07-16 | 63.52% |
| 2025-07-14 | 63.47% |
| 2025-07-10 | 63.47% |
| 2025-07-08 | 63.51% |
| 2025-07-03 | 63.48% |
| 2025-07-01 | 63.48% |
| 2025-06-27 | 63.49% |
| 2025-06-25 | 63.50% |
| 2025-06-23 | 63.48% |
| 2025-06-18 | 63.49% |
| 2025-06-16 | 78.41% |
| 2025-06-12 | 61.51% |
| 2025-06-10 | 61.49% |
| 2025-06-06 | 61.50% |
| 2025-06-04 | 61.51% |
| 2025-06-02 | 61.48% |
| 2025-05-29 | 61.53% |
| 2025-05-27 | 61.49% |
| 2025-05-22 | 61.48% |
| 2025-05-20 | 61.51% |
| 2025-05-16 | 61.52% |
| 2025-05-14 | 61.53% |
| 2025-05-12 | 61.51% |
| 2025-05-08 | 61.51% |
| 2025-05-06 | 75.45% |
| 2025-05-02 | 75.45% |
| 2025-04-30 | 75.47% |
| 2025-04-28 | 75.44% |
| 2025-04-24 | 75.43% |
| 2025-04-22 | 75.46% |
| 2025-04-17 | 75.46% |
| 2025-04-15 | 75.43% |
| 2025-04-11 | 75.44% |
| 2025-04-09 | 75.46% |
| 2025-04-07 | 75.43% |
| 2025-04-03 | 75.46% |
| 2025-04-01 | 75.46% |
| 2025-03-28 | 75.43% |
| 2025-03-26 | 75.43% |
| 2025-03-24 | 59.80% |
| 2025-03-20 | 44.25% |
| 2025-03-18 | 44.26% |
| 2025-03-14 | 44.26% |
| 2025-03-12 | 59.04% |
| 2025-03-10 | 58.99% |
| 2025-03-06 | 58.99% |
| 2025-03-04 | 59.00% |
| 2025-02-28 | 59.00% |
| 2025-02-26 | 59.00% |
| 2025-02-24 | 59.03% |
| 2025-02-20 | 59.03% |
| 2025-02-18 | 59.03% |
| 2025-02-13 | 59.00% |
| 2025-02-11 | 59.01% |
| 2025-02-07 | 58.99% |
| 2025-02-05 | 59.01% |
| 2025-02-03 | 59.03% |
| 2025-01-30 | 59.01% |
| 2025-01-28 | 59.01% |
| 2025-01-24 | 59.00% |
| 2025-01-22 | 59.00% |
| 2025-01-17 | 59.03% |
| 2025-01-15 | 58.99% |
| 2025-01-13 | 59.00% |
| 2025-01-08 | 59.01% |
| 2025-01-06 | 59.03% |
| 2025-01-02 | 59.03% |
| 2024-12-30 | 59.02% |
| 2024-12-26 | 59.04% |
| 2024-12-23 | 59.03% |
| 2024-12-19 | 58.99% |
| 2024-12-17 | 59.00% |
| 2024-12-13 | 59.02% |
| 2024-12-11 | 44.00% |
| 2024-12-09 | 44.00% |
| 2024-12-05 | 57.99% |
| 2024-12-03 | 57.97% |
| 2024-11-29 | 57.96% |
| 2024-11-26 | 57.99% |
| 2024-11-22 | 57.97% |
| 2024-11-20 | 57.99% |
| 2024-11-18 | 57.97% |
| 2024-11-14 | 57.96% |
| 2024-11-12 | 57.97% |
| 2024-11-08 | 57.99% |
| 2024-11-06 | 58.00% |
| 2024-11-04 | 57.99% |
| 2024-10-31 | 57.98% |
| 2024-10-29 | 57.99% |
| 2024-10-25 | 57.97% |
| 2024-10-23 | 57.96% |
| 2024-10-21 | 57.98% |
| 2024-10-17 | 57.98% |
| 2024-10-15 | 57.98% |
| 2024-10-11 | 57.97% |
| 2024-10-09 | 57.99% |
| 2024-10-07 | 57.98% |
| 2024-10-03 | 57.97% |
| 2024-10-01 | 57.98% |
| 2024-09-27 | 57.74% |
| 2024-09-25 | 57.72% |
| 2024-09-23 | 57.73% |
| 2024-09-19 | 57.73% |
| 2024-09-17 | 57.72% |
| 2024-09-13 | 57.74% |
| 2024-09-11 | 55.68% |
| 2024-09-09 | 55.65% |
| 2024-09-05 | 55.67% |
| 2024-09-03 | 55.67% |
| 2024-08-29 | 55.65% |
| 2024-08-27 | 55.66% |
| 2024-08-23 | 55.67% |
| 2024-08-21 | 55.67% |
| 2024-08-19 | 55.64% |
| 2024-08-15 | 55.66% |
| 2024-08-13 | 55.65% |
| 2024-08-09 | 55.67% |
| 2024-08-07 | 55.64% |
| 2024-08-05 | 55.67% |
| 2024-08-01 | 55.66% |
| 2024-07-30 | 55.64% |
| 2024-07-26 | 55.64% |
| 2024-07-24 | 55.66% |
| 2024-07-22 | 55.66% |
| 2024-07-18 | 55.67% |
| 2024-07-16 | 55.67% |
| 2024-07-12 | 55.64% |
| 2024-07-10 | 55.64% |
| 2024-07-08 | 55.66% |
| 2024-07-03 | 55.63% |
| 2024-07-01 | 55.64% |
| 2024-06-27 | 57.37% |
| 2024-06-25 | 57.39% |
| 2024-06-21 | 57.37% |
| 2024-06-18 | 57.40% |
| 2024-06-14 | 42.47% |
| 2024-06-12 | 55.67% |
| 2024-06-10 | 55.69% |
| 2024-06-06 | 55.69% |
| 2024-06-04 | 55.67% |
| 2024-05-31 | 55.67% |
| 2024-05-29 | 55.68% |
| 2024-05-24 | 55.68% |
| 2024-05-22 | 55.66% |
| 2024-05-20 | 55.66% |
| 2024-05-16 | 55.66% |
Showing the most recent 260 of 2,264 data points. The chart above shows the full history.
About Canadian Natural Resources Limited
Canadian Natural Resources Limited (CNQ) is an integrated energy enterprise engaged across the full spectrum of upstream and downstream activities related to crude oil, natural gas, and natural gas liquids (NGLs), encompassing acquisition, exploration, development, production, marketing, and sales. Its diverse portfolio of hydrocarbon products encompasses synthetic crude oil (SCO), light and medium crude, bitumen (also known as thermal oil), along with both primary heavy crude oil and specialized Pelican Lake heavy crude. Beyond exploration and production, the company holds midstream and refining assets, notably comprising two crude oil pipeline networks and a half-interest (50% working interest) in an 84-megawatt cogeneration facility situated at Primrose. As of December 31, 2020, CNQ reported substantial reserves. Its proved crude oil, bitumen, and NGLs reserves amounted to 10,528 million barrels (MMbbl), escalating to 13,271 MMbbl when probable reserves are included. Proved synthetic crude oil (SCO) reserves stood at 6,998 MMbbl, with total proved plus probable SCO reserves reaching 7,535 MMbbl. Furthermore, the company's proved natural gas reserves were recorded at 12,168 billion cubic feet (Bcf), expanding to 20,249 Bcf on a proved plus probable basis. Geographically, its operations are concentrated in key regions, including Western Canada, the United Kingdom's North Sea sector, and offshore West Africa. The entity, incorporated in 1973, was originally known as AEX Minerals Corporation before adopting the name Canadian Natural Resources Limited in December 1975. Its corporate headquarters are located in Calgary, Canada.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Norman Murray Edwards