Canadian Natural Resources Limited (CNQ) Declares $0.28 Quarterly Dividend

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) declared a quarterly dividend on Thursday, May 4th, RTT News reports. Shareholders of record on Friday, June 16th will be given a dividend of 0.275 per share on Saturday, July 1st. This represents a $1.10 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Wednesday, June 14th.

Shares of Canadian Natural Resources Limited (TSE:CNQ) traded down 1.49% during midday trading on Tuesday, hitting $37.04. 2,802,062 shares of the stock traded hands. Canadian Natural Resources Limited has a 12-month low of $36.44 and a 12-month high of $46.74. The stock has a market cap of $41.38 billion and a price-to-earnings ratio of 280.61. The company’s 50 day moving average price is $40.53 and its 200-day moving average price is $41.77.

Dividend History for Canadian Natural Resources Limited (TSE:CNQ)

In other news, insider Allan E. Frankiw sold 1,000 shares of the firm’s stock in a transaction on Friday, April 7th. The stock was sold at an average price of C$45.14, for a total value of C$45,140.00. Also, insider William Robert Peterson sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of C$42.70, for a total value of C$1,281,000.00. Insiders sold 78,750 shares of company stock valued at $3,282,183 in the last quarter.

A number of research firms have commented on CNQ. TD Securities upped their target price on shares of Canadian Natural Resources Limited from C$50.00 to C$54.00 and gave the company a “buy” rating in a research report on Monday, June 5th. Royal Bank Of Canada reiterated a “top pick” rating and set a C$59.00 price target on shares of Canadian Natural Resources Limited in a research note on Monday, June 5th. Barclays PLC cut their price target on shares of Canadian Natural Resources Limited from C$52.00 to C$50.00 in a research note on Wednesday, April 19th. BMO Capital Markets boosted their price target on shares of Canadian Natural Resources Limited from C$52.00 to C$57.00 in a research note on Friday, March 10th. Finally, Raymond James Financial, Inc. upped their target price on shares of Canadian Natural Resources Limited from C$51.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Friday, March 10th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$52.18.

COPYRIGHT VIOLATION WARNING: “Canadian Natural Resources Limited (CNQ) Declares $0.28 Quarterly Dividend” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://sportsperspectives.com/2017/06/20/canadian-natural-resources-limited-cnq-to-issue-quarterly-dividend-of-0-28-on-july-1st-updated.html.

About Canadian Natural Resources Limited

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

Receive News & Ratings for Canadian Natural Resources Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply