Dan Dzombak (TMFDanDzombak) … There is a scenario where CNQ’s dividend could make it through this turmoil, as the firm proves its energy peers wrong. If you take the time to read past the headlines and crack a filing now and then, you're in a much better position to spot potential trouble early. All rights reserved. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Let's conquer your financial goals together...faster. Many investors were aware that such a dividend cut was coming for even the best players in the Albertan oil patch following Royal Dutch Shell’s bombshell announcement that it had taken its dividend to the chopping block, sending shares of many energy players plunging in the process. Joey Frenette | July 3, 2020 | More on: CNQ SU CNQ SU. There is a scenario where CNQ’s dividend could make it through this turmoil, as the firm proves its energy peers wrong. Please read the Privacy Statement and Terms of Service for more information. Click on the link below for our stock recommendations that we believe could battle Netflix for entertainment dominance. Source: Capital IQ, a division of Standard & Poor's. Click Here to Get Your Free Report Today! Canadian Natural Resources Limited (CNQ.TO) pays out 6,153.85% of its earnings out as a dividend.
I understand I can unsubscribe from these updates at any time. If Suncor can cut its dividend, any oil company theoretically could. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Looking for the Next Potential Netflix? The next thing you know, WTI could be back above US$55, with CNQ contemplating a dividend hike, as management becomes more optimistic about the long-term trajectory for the oil patch. You can follow him on Facebook or Twitter by clicking the buttons below or head over to his blog at http://www.DanDzombak.com, Cumulative Growth of a $10,000 Investment in Stock Advisor, Canadian Natural Resources' Dividend Is Safe @themotleyfool #stocks $CNQ $XOM $SU $CHKA.Q, Canadian Natural Resources Ltd (CNQ) Q3 2019 Earnings Call Transcript, Canadian Natural Resources Beats on Both Top and Bottom Lines, Canadian Natural Resources Misses Where It Counts, Copyright, Trademark and Patent Information. Here, we'll highlight a given company and its closest competitors to see just how safe their dividends are, with a little help from three crucial tools: Let's examine Canadian Natural Resources (NYSE: CNQ) and three of its peers. Motley Fool Canada's market-beating team has just released a new FREE report that gives our three recommendations for the Next Gen Revolution. Canadian Natural Resources' Dividend Is Safe. Speaking of ample upside, you need to check out these following stocks curated by the team here at the Motley Fool Canada! Dividend.com: The #1 Source For Dividend Investing. That's a mistake. CNQ's trailing 12 month dividends has averaged an annual growth rate of 27.35%. Suncor could have kept its dividend intact, but management “prudently” chose to rip the band-aid off right after Shell to save $1.5 billion a year. But as we found out in early May, when Suncor Energy (TSX:SU)(NYSE:SU) cut its dividend 55% while axing capital spending to shore up cash savings, even the best-in-breed players in the sector are not immune to significant dividend reductions. © 2020 The Motley Fool Canada, ULC. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. High Dividend Yield ETFs, A 9.8% Yielding Portfolio Beating The Market: The Cash Flow Kingdom Income Portfolio Mid-Year Review, First 2019 Update To Steve's Dividend Portfolio And Strategy For Replacing My Salary With Dividend Income, Senior Housing Properties Trust's Yield Is A Red Flag - Cramer's Lightning Round (3/2/18), John's Portfolio - How To Wisely Use Preferred Stock To Boost Yield, CEQP Stock: Earn a Reliable Dividend Yield of 10%, Chesapeake Preferred: Dividend Or Board Of Director Seats. Payout ratio calculation and chart. We can help you keep tabs on your companies with My Watchlist, our free, personalized stock-tracking service. Here, we'll highlight a given company and its closest competitors to see just how safe their dividends are, with a little help from three crucial tools: The interest coverage ratio, or earnings before interest and taxes, divided by interest expense. Market data powered by FactSet and Web Financial Group. Seeking Alpha Premium Dividend Score. This is your chance to get in early on what could prove to be very special investment advice. See you at the top! For now, CNQ has a shareholder-friendly management team that will likely do everything in its power to insulate shareholders from the hail storm in the oil patch. But with a company like Canadian Natural Resources (TSX:CNQ)(NYSE:CNQ) opting to maintain its hefty dividend commitment (currently yielding 7.3%) at a time when the new normal for oil prices could be set at a new low, yield-chasing investors may be looking at amplified downside in CNQ relative to the likes of a Suncor should Canadian Natural Resources’s management team be forced to follow in the footsteps of its bigger brothers at a later date. With an interest coverage of 5.1, Canadian Natural Resources covers every $1 in interest expenses with $5 in operating earnings. CNQ is producing more trailing twelve month cash flow than 93.45% of US dividend stocks. CNQ's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Canadian Natural Resources Limited (CNQ.TO) pays an annual dividend of C$1.60 per share, with a dividend yield of 7.19%. In times where the tides go out on the oil patch, it pays dividends to have a strong preference for well-capitalized, well-diversified integrated energy players. Chesapeake Reinstates Preferred Dividends - Still A Good Buy? Today, SU stock is right where it was when it announced the dividend cut, while shares of CNQ have since moved over 8% higher, as investors are likely of the belief that the company will keep its dividend intact through this crisis in the oil patch. Safe dividends in the oil patch? Published Thu, 09 Jun 2011 17:16:14 GMT on The Motley Fool .
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