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

NEW YORK ( TheStreet) -- The ex-dividend date for Canadian Natural Resources (NYSE: CNQ) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $27.14 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for Canadian Natural has been 3.6 million shares per day over the past 30 days. Canadian Natural has a market cap of $30.12 billion and is part of the basic materials sector and energy industry. Shares are down 25.1% year to date as of the close of trading on Monday.

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas liquids (NGLs), and natural gas. The company has a P/E ratio of 9.9, equal to the average energy industry P/E ratio and below 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 revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Canadian Natural Ratings Report.

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