Canadian Natural Stock To Go Ex-dividend Tomorrow (CNQ)

NEW YORK ( TheStreet) -- The ex-dividend date for Canadian Natural Resources (NYSE: CNQ) is tomorrow, March 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $35.56 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Canadian Natural has been 3.2 million shares per day over the past 30 days. Canadian Natural has a market cap of $43.31 billion and is part of the basic materials sector and energy industry. Shares are down 7.3% year to date as of the close of trading on Tuesday.

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 26.2, below the average energy industry P/E ratio of 30 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Canadian Natural as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Canadian Natural Ratings Report.

See our dividend calendar or top-yielding stocks list.
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