Canadian Natural Stock To Go Ex-dividend Tomorrow (CNQ)
The ex-dividend date for Canadian Natural Resources (NYSE:CNQ) is tomorrow, December 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $37.08 as of 10:10 a.m., the dividend yield is 1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Canadian Natural Resources (NYSE: CNQ) is tomorrow, December 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $37.08 as of 10:10 a.m. ET, the dividend yield is 1%. The average volume for Canadian Natural has been 4.1 million shares per day over the past 30 days. Canadian Natural has a market cap of $40.51 billion and is part of the basic materials sector and energy industry. Shares are down 16.7% year to date as of the close of trading on Monday. Canadian Natural Resources Limited engages in the exploration, development, production, marketing, and sale of crude oil, natural gas liquids, and natural gas. The company's products include light and medium crude oil, primary heavy crude oil, natural gas, and natural gas liquids. The company has a P/E ratio of 28, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Canadian Natural as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full Canadian Natural Ratings Report. See our dividend calendar or top-yielding stocks list.