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Canadian Natural Boosts Dividend After Chevron Assets Buy

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Canadian Natural Boosts Dividend After Chevron Assets Buy

Canadian Natural (TSE:CNQ) has released an update.

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Canadian Natural Resources Limited has announced a 7% increase in its quarterly dividend to $0.5625 per share, marking the 25th consecutive year of dividend growth with a compound annual growth rate (CAGR) of 21%. This financial decision follows the company’s recent acquisition of Chevron Canada Limited’s Alberta assets and is supported by Canadian Natural’s robust free cash flow and strong financial standing.

For further insights into TSE:CNQ stock, check out TipRanks’ Stock Analysis page.

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