CNQ Comes Through with Another 9% Dividend Raise

Canadian Natural Resources

On March 2nd, “Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.275”. (cnrl.com)

This dividend payment compares to the previous quarter’s C$0.25 (paid in January), where it was also increased 8.7%. The quarterly distribution before that was C$0.23, paid in October 2016.

Canadian Natural Resources effectively increased their dividend by 16.4% in back-to-back dividend increases.

CNQ has increased their dividend for 16 consecutive years and I originally bought this name for it’s impressive dividend growth history – they have not let me down. It is my favourite Canadian stock for exposure to the oil exploration industry.

Dividend Income increased 0.16%

Considering the Dividend Beginner portfolio contains 40 shares of Canadian Natural Resources, my annual income from CNQ has increased by $4.00, from $40.00 to $44.00. My 12-month forward dividend income has increased from $2,306.44 to $2,309.64, an increase of 0.14%. My income from CNQ accounts for 1.73% of my annual dividend income.

While a $4.00 increase in annual dividend income seems quite low, think about how it would require an investment of $178, at a yield of 2.25% (CNQ’ dividend yield on the day of the raise) to generate $4.00 in dividend income. That’s the equivalent of getting one to sixteen hours of your life back, depending on your wage.

Before Net Increase After
Annual Dividend Income $2,552.11 $4.00
$2,556.11
Monthly Dividend Income $212.68 $0.33
$213.01
Percentage Increase 0.16%

2 Replies to “CNQ Comes Through with Another 9% Dividend Raise”

    1. Thanks for the kind words PCI,

      Excited to reap the rewards from having the foresight to invest in dividend growing companies.
      Persistent raises throughout the year and all you gotta do is sit tight.

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