Canadian Natural Resources Limited offers an annual dividend yield of 4.45% and has grown its dividend for 26 consecutive years with a compound annual growth rate of 20%. Scotiabank initiated coverage on June 26 with a Sector Perform rating and a price objective of C$72, implying over 28% upside. The company reduced net debt below $16 billion in the first quarter and repurchased $309 million in shares in April 2026, now targeting a net debt level of $13 billion after which it will return 100% of free cash flow to shareholders.
Canadian Natural Resources LtdScotiabank initiated coverage with Sector Perform and C$72 target, plus strong dividend growth and share buybacks
Bank of Nova Scotia