Calgary, Alberta – Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.75 (seventy five cents) per common share. The dividend will be payable on July 5, 2022 to shareholders of record at the close of business on June 17, 2022.
Canadian Natural’s growing an sustainable dividend demonstrates the confidence that the Board of Directors has in the sustainability of our business model, the strength of our balance sheet and the Company’s long life low decline asset base. The previously announced increase in March 2022 represents the continuation of the Company’s leading track record of 22 consecutive years of dividend increases, with a compound annual growth rate of approximately 22% over that period of time.
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.