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Market Overview

Ex-Dividend Date Insight: Canadian Natural Res


On November 5, 2020, Canadian Natural Res (NYSE:CNQ) declared a dividend payable on January 5, 2021 to its shareholders. Canadian Natural Res also announced that shareholders on the company's books on or before December 9, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Canadian Natural Res will be on December 8, 2020. The company's current dividend payout is at $0.42. That equates to a dividend yield of 7.74% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Canadian Natural Res's Dividend Performance

Over the past year, Canadian Natural Res has experienced an overall upward trend regarding its dividend payouts and yields. Last year on December 10, 2019 the company's payout was $0.38, which has since grown by $0.05. Similarly, Canadian Natural Res's dividend yield in last year was 4.39%, which has since grown by 3.35%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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Posted-In: Dividends

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