Uncovering Dividend Opportunities with NYSE:CNQ.

Last update: May 7, 2024

Consider CANADIAN NATURAL RESOURCES (NYSE:CNQ) as a top pick for dividend investors, identified by our stock screening tool. NYSE:CNQ shines in terms of profitability, solvency, and liquidity, all while paying a decent dividend. Let's dive deeper into the analysis.

ChartMill's Evaluation of Dividend

An integral part of ChartMill's stock analysis is the Dividend Rating, which spans from 0 to 10. This rating evaluates diverse dividend factors, including yield, historical data, growth, and sustainability. NYSE:CNQ has received a 7 out of 10:

CNQ has a Yearly Dividend Yield of 8.23%, which is a nice return.
Compared to an average industry Dividend Yield of 5.88, CNQ pays a better dividend. On top of this CNQ pays more dividend than 81.78% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, CNQ pays a better dividend.
On average, the dividend of CNQ grows each year by 22.67%, which is quite nice.
CNQ has paid a dividend for at least 10 years, which is a reliable track record.

Assessing Health for NYSE:CNQ

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:CNQ scores a 5 out of 10:

An Altman-Z score of 3.27 indicates that CNQ is not in any danger for bankruptcy at the moment.
CNQ's Altman-Z score of 3.27 is fine compared to the rest of the industry. CNQ outperforms 74.30% of its industry peers.
CNQ has a debt to FCF ratio of 1.66. This is a very positive value and a sign of high solvency as it would only need 1.66 years to pay back of all of its debts.
CNQ has a better Debt to FCF ratio (1.66) than 78.04% of its industry peers.
CNQ has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.28, CNQ is doing good in the industry, outperforming 63.08% of the companies in the same industry.

Profitability Insights: NYSE:CNQ

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:CNQ, the assigned 6 is noteworthy for profitability:

The Return On Assets of CNQ (10.84%) is better than 68.22% of its industry peers.
With a decent Return On Equity value of 20.67%, CNQ is doing good in the industry, outperforming 63.55% of the companies in the same industry.
With a decent Return On Invested Capital value of 12.28%, CNQ is doing good in the industry, outperforming 65.42% of the companies in the same industry.
CNQ has a Profit Margin of 22.89%. This is in the better half of the industry: CNQ outperforms 61.22% of its industry peers.
In the last couple of years the Profit Margin of CNQ has grown nicely.
CNQ's Operating Margin has improved in the last couple of years.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

For an up to date full fundamental analysis you can check the fundamental report of CNQ

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.