Exploring NYSE:CNQ's dividend characteristics.

Our stock screener has spotted CANADIAN NATURAL RESOURCES (NYSE:CNQ) as a good dividend stock with solid fundamentals. NYSE:CNQ shows decent health and profitability. At the same time it gives a good and sustainable dividend. We'll dive into each aspect below.

Analyzing Dividend Metrics

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 6 out of 10:

• With a Yearly Dividend Yield of 4.39%, CNQ is a good candidate for dividend investing.
• CNQ's Dividend Yield is a higher than the industry average which is at 6.16.
• Compared to an average S&P500 Dividend Yield of 2.38, CNQ pays a better dividend.
• On average, the dividend of CNQ grows each year by 6.79%, which is quite nice.
• CNQ has been paying a dividend for at least 10 years, so it has a reliable track record.

ChartMill's Evaluation of Health

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NYSE:CNQ has earned a 5 out of 10:

• CNQ has an Altman-Z score of 3.05. This indicates that CNQ is financially healthy and has little risk of bankruptcy at the moment.
• The Altman-Z score of CNQ (3.05) is better than 75.36% of its industry peers.
• The Debt to FCF ratio of CNQ is 1.37, which is an excellent value as it means it would take CNQ, only 1.37 years of fcf income to pay off all of its debts.
• CNQ's Debt to FCF ratio of 1.37 is amongst the best of the industry. CNQ outperforms 82.94% of its industry peers.
• A Debt/Equity ratio of 0.27 indicates that CNQ is not too dependend on debt financing.
• CNQ has a better Debt to Equity ratio (0.27) than 64.45% of its industry peers.

Profitability Insights: NYSE:CNQ

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:CNQ, the assigned 6 is a significant indicator of profitability:

• Looking at the Return On Assets, with a value of 9.77%, CNQ is in the better half of the industry, outperforming 69.19% of the companies in the same industry.
• CNQ has a Return On Equity of 18.78%. This is in the better half of the industry: CNQ outperforms 63.03% of its industry peers.
• CNQ has a better Return On Invested Capital (11.63%) than 66.82% of its industry peers.
• With a decent Profit Margin value of 20.86%, CNQ is doing good in the industry, outperforming 63.51% of the companies in the same industry.
• CNQ's Profit Margin has improved in the last couple of years.
• In the last couple of years the Operating Margin of CNQ has grown nicely.

Our Best Dividend screener lists more Best Dividend stocks and is updated daily.

Our latest full fundamental report of CNQ contains the most current fundamental analsysis.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.