Canadian Natural Resources Limited (NYSE:CNQ) is included among the 12 Best Stocks to Buy Now for Passive Income.
Canadian Natural Resources Limited (NYSE:CNQ) is a major oil and gas producer with a well-diversified asset base. Its sizable reserves, low reinvestment needs, and efficient operations have reduced its breakeven costs, strengthening profitability and cash flow.
Canadian Natural Resources Limited (NYSE:CNQ) holds significant reserves with a proven life index of 32 years, largely made up of high-value petroleum products. In 2025, it plans to drill 182 net primary heavy crude oil multilateral wells, while also pursuing acquisitions to boost output further. The midpoint of its 2025 production outlook signals a 12.4% increase from last year. With higher production and lower costs, CNQ is positioned to deliver strong results and continue its history of dividend growth.
Canadian Natural Resources Limited (NYSE:CNQ) currently offers a quarterly dividend of C$0.5875 per share and has a dividend yield of 5.31%, as of September 22. The company has been rewarding shareholders with growing dividends for the past 25 consecutive years.
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