CNQTSX / NYSEEnergyCanada · CAD

Canadian Natural Resources Limited dividend history and coverage

Fiscal 2016–2025 dividends per share, payout of earnings and cash flow, and any decreases, read from Canadian Natural Resources Limited's own SEC filings. Data built 2026-11-01.

Dividends per share, FY2025C$2.350
5-yr dividend growth+22.6%/yr
Years without a decrease, since FY20169
Short answerCanadian Natural Resources Limited paid C$2.350 per share in dividends for fiscal 2025, up 22.6% a year over five years. Over its last three fiscal years it paid out 54% of earnings, which our industrial, technology, energy, materials, health care teaching band reads as well covered. No yearly decrease appears in the filings we hold.

Dividend history

Canadian Natural Resources Limited dividends and earnings per share by fiscal yearFY2016 dividend 0.47, EPS -0.09; FY2017 dividend 0.55, EPS 1.01; FY2018 dividend 0.67, EPS 1.06; FY2019 dividend 0.75, EPS 2.27; FY2020 dividend 0.85, EPS -0.18; FY2021 dividend 1.00, EPS 3.23; FY2022 dividend 1.55, EPS 4.76; FY2023 dividend 1.85, EPS 3.74; FY2024 dividend 2.14, EPS 2.85; FY2025 dividend 2.35, EPS 5.16 (CAD per share).0.002.895.7816171819202122232425
  • Dividends per share (fiscal year)
  • Year with a decrease
  • Earnings per share (diluted)

Per-share figures are adjusted for the 2-for-1 split effective 2024-06-10.

Yield at today's price

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Yield on C$2.350 a yearEnter a priceOfficial quote page ↗

The numbers, with their filings

Canadian Natural Resources Limited, per share in CAD. Fiscal years as reported; "—" means not tagged in the filing.
Fiscal yearDividends/shareEPS (diluted)Payout of EPSFCF/shareCash payoutFiling
FY20252.3505.1646%——annual report
FY20242.1402.8575%——annual report
FY20231.8503.7450%——annual report
FY20221.5504.7633%——annual report
FY20211.0003.2331%——annual report
FY20200.850-0.18not covered——annual report
FY20190.7502.2733%——annual report
FY20180.6701.0663%2.4326%annual report
FY20170.5501.0154%1.1447%annual report
FY20160.470-0.09not covered-0.32not coveredannual report

Dividends per share: as declared per common share in the company's annual reports. Free cash flow = operating cash flow − capital expenditures (as tagged); cash payout = common dividends paid ÷ free cash flow. All Canadian Natural Resources Limited filings on EDGAR ↗

Data note. Split-adjusted for the 2-for-1 split effective June 10, 2024. Fiscal 2022 excludes a special dividend of C$0.75 (split-adjusted); regular dividends were C$1.55. Earlier years are from Canadian Natural's annual information forms.

What $1,000 of Canadian dividends is worth after tax

Canadian resident (2026 estimate)

AccountYou keepWhy
Non-registered$936Eligible-dividend gross-up and credits (assumes the dividend is designated eligible, as large Canadian public companies' dividends usually are; check your T5)
TFSA$1,000Tax-free
RRSP / RRIF$1,000No tax now; withdrawals are taxed later as ordinary income

US taxpayer (2026 estimate)

Example: married filing jointly, $120,000 of other taxable income, 22% ordinary bracket.

AccountYou keep
Taxable brokerage$850
Roth IRA$1,000
Traditional IRA / 401(k)$1,000*

* Nothing is taxed when the dividend is paid; withdrawals are taxed later as ordinary income.

Assumes qualified-dividend treatment (holding period met). Canadian dividends paid to US residents generally have 15% Canadian tax withheld under the treaty, creditable on a US return; not modelled here. Use your own numbers.

Frequently asked questions

What dividend does Canadian Natural Resources Limited pay?
Canadian Natural Resources Limited reported dividends of C$2.350 per share for fiscal 2025 (period ending 2025-12-31), from its annual filing with the SEC. Dividends are declared by the board each period and can change.
Has Canadian Natural Resources Limited ever cut its dividend?
Not in the fiscal years we hold (2016–2025): annual dividends per share did not fall year over year in that window.
What is Canadian Natural Resources Limited's dividend yield?
Yield is the annual dividend divided by the share price, and the price changes every trading day. We do not republish prices; enter today's price from your brokerage or the exchange's quote page above to calculate it with the C$2.350 annual figure.

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Dividend changes, when the filings land

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