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CNQ Canadian Natural Resources Ltd

104.90
1.72 (1.67%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canadian Natural Resources Ltd TSX:CNQ Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.72 1.67% 104.90 104.88 105.15 105.08 103.37 103.58 1,633,213 21:12:28

Canadian Natural Resources Limited Announces 60% Increase in Quarterly Dividend

07/11/2013 9:05am

Marketwired Canada


Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or
"the Company") announces its Board of Directors has declared a quarterly cash
dividend on its common shares of C$0.20 (twenty cents) per common share. The
dividend will be payable January 1, 2014 to shareholders of record at the close
of business on December 13, 2013. 


Confidence in the Company's ability to execute its defined growth plan and the
sustainability of its free cash flow generation has led the Company's Board of
Directors to approve a 60% increase in the quarterly dividend to C$0.20 per
common share from C$0.125 per common share. For the past fourteen consecutive
years, the Company has increased the cash dividend per common share. Subsequent
to the completion of Phase 1 of the Horizon Project in 2009, the compound
average growth rate of the dividend payment is 31%. 


Canadian Natural is a senior oil and natural gas production company, with
continuing operations in its core areas located in Western Canada, the U.K.
portion of the North Sea and Offshore Africa.


Certain information regarding the Company contained herein may constitute
forward-looking statements under applicable securities laws.  Such statements
are subject to known or unknown risks and uncertainties that may cause actual
results to differ materially from those anticipated or implied in the
forward-looking statements. Refer to our website for complete forward-looking
statements www.cnrl.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Steve W. Laut
President


Corey B. Bieber
Chief Financial Officer & Senior Vice-President, Finance


Douglas A. Proll
Executive Vice-President


Canadian Natural Resources Limited
2500, 855 - 2nd Street S.W.
Calgary, Alberta, T2P 4J8 Canada
Phone: (403) 514-7777
(403) 514-7888 (FAX)
ir@cnrl.com
www.cnrl.com

1 Year Canadian Natural Resources Chart

1 Year Canadian Natural Resources Chart

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1 Month Canadian Natural Resources Chart