1
Derived from payout historyIncome reliability
Quarterly income profile is visible
CNQ.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
CNQ.TO
Canadian Natural Resources
EnergyPlain dividendQuarterly
Market Snapshot
$70.44
+$1.96 (2.86%)
Toronto
Yield
3.65%
Rate $2.50
Next Payment
—
Ex-date 2026-09-11
52wk Position
98.17%
-0.77% below high
Updated —
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $62.50
- APR
- 0.887
- Coverage
- 0.887
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $62.50
- Cushion
- -$7.94
- Cushion %
- -11.27%
Current $70.44Break $62.50
Smart Recommendation
CNQ.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Strong
3mo agoDRIP availability
Available
3mo agoTax character
Eligible dividend
3mo agoDistribution history
Multi-decade
3mo agoStructure complexity
Simple
3mo agoIncome trend
Growing
3mo agoAccount suitability
Non-reg: eligible div
3mo agoStructure Overview
Canadian Natural Resources (CNQ) is Canada's largest energy producer by market capitalization, with oil sands, conventional oil, natural gas, and offshore operations. CNQ has raised its dividend for over 24 consecutive years and maintains a variable dividend policy that increases when free cash flow allows. The oil sands' low-decline, long-life asset base supports exceptional payout longevity.
Canadian Planning Notes
- 1CNQ's 24+ year dividend growth record is among the longest in the Canadian energy sector; the low-decline oil sands assets underpin multi-decade income planning.
- 2Eligible dividends qualify for the tax credit; DRIP is available through major brokers.
- 3CNQ's oil sands operations have high fixed costs but very low variable decline rates; payout sensitivity is primarily to WTI oil price cycles rather than production decline.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
Carry this holding into a calculator
Use a planning tool that matches this holding's structure, payout timing, and income use case.
Related Holdings
This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.