Canadian Natural Resources Ltd T.CNQ

Dividend

[Betteryear2]

• Subsequent to quarter end the Board of Directors has approved a 25% increase to our quarterly dividend to $0.5875 per share, payable on January 5, 2022. The increased dividend clearly demonstrates the confidence that the Board of Directors have in the sustainability of our business model, the strength of our balance sheet and the Company's effective and efficient operations supported by our robust, long life low decline asset base and associated low maintenance capital requirements.

  • With this increase, 2022 will mark the 22nd consecutive year of dividend increases for the Company, and this 25% increase from our previous quarterly dividend is in excess of our historical dividend compound annual growth rate of 20% over the last 22 years.

[STOCKWIZ]

Looks like the market is shrugging off the excellent results. Do they not agree with the dividend increase? Perhsps they would prefer quicker debt reduction or a more aggressive share repurchase?

[Bigbear7405]

Strange the stock is down. The stock has had a good run though People taking profits and rebalancing to other stocks.