Dividend Policy

Dividend Policy

The dividend policy of the Company undergoes a periodic review by the Board of Directors and is subject to change at any time depending upon the earnings of the Company, its financial requirements and other factors existing at the time. Prior to 2001, dividends had not been paid on the common shares of the Company. On January 17, 2001 the Board of Directors approved a dividend policy for the payment of a regular quarterly dividend. Dividends have been paid on the first day of January, April, July and October of each year since April 1, 2001.

Eligible Dividend Designation - pursuant to subsection 89(14) of the Income Tax Act of Canada (ITA) each dividend paid by Canadian Natural Resources Limited on or after January 1, 2006 qualifies as an eligible dividend for Canadian income tax purposes, as defined in subsection 89(1) of the ITA.

Our Company's history on dividend payments is as follows:

Record Date Payment Date Amount*
June 13, 2014 July 1, 2014 $0.2250
March 17, 2014 April 1, 2014 $0.2250
December 13, 2013 January 1, 2014 $0.2000
September 13, 2013 October 1, 2013 $0.1250
June 14, 2013 July 1, 2013  $0.1250
March 18, 2013 April 1, 2013 $0.1250
December 14, 2012 January 1, 2013 $0.1050
September 14, 2012 October 1, 2012 $0.1050
June 15, 2012 July 1, 2012 $0.1050
March 19, 2012 April 1, 2012 $0.1050
December 16, 2011 January 1, 2012 $0.0900
September 16, 2011 October 1, 2011 $0.0900
June 17, 2011 July 1, 2011 $0.0900
March 18, 2011 April 1, 2011 $0.0900
December 17, 2010 January 1, 2011 $0.0750
September 17, 2010 October 1, 2010 $0.0750
June 11, 2010 July 1, 2010 $0.0750
March 12, 2010 April 1, 2010 $0.0750
December 11, 2009 January 1, 2010 $0.0525
September 11, 2009 October 1, 2009 $0.0525
June 12, 2009 July 1, 2009 $0.0525
March 13, 2009 April 1, 2009 $0.0525
December 12, 2008 January 1, 2009 $0.0500
September 12, 2008 October 1, 2008 $0.0500
June 13, 2008 July 1, 2008 $0.0500
March 14, 2008 April 1, 2008 $0.0500
December 14, 2007 January 1, 2008 $0.0425
September 14, 2007 October 1, 2007 $0.0425
June 15, 2007 July 1, 2007 $0.0425
March 16, 2007 April 1, 2007 $0.0425
December 15, 2006 January 1, 2007 $0.0375
September 15, 2006 October 1, 2006 $0.0375
June 16, 2006 July 1, 2006 $0.0375
March 17, 2006 April 1, 2006 $0.0375
December 16, 2005 January 1, 2006 $0.0300
September 16, 2005 October 1, 2005 $0.0300
June 17, 2005 July 1, 2005 $0.0300
March 18, 2005 April 1, 2005 $0.028125
December 17, 2004 January 1, 2005 $0.0250
September 17, 2004 October 1, 2004 $0.0250
June 18, 2004 July 1, 2004 $0.0250
March 12, 2004 April 1, 2004 $0.0250
December 12, 2003 January 1, 2004 $0.01875
September 12, 2003 October 1, 2003 $0.01875
June 13, 2003 July 1, 2003 $0.01875
March 14, 2003 April 1, 2003 $0.01875
December 13, 2002 January 1, 2003 $0.015625
September 13, 2002 October 1, 2002 $0.015625
June 14, 2002 July 1, 2002 $0.015625
March 15, 2002 April 1, 2002 $0.015625
December 14, 2001 January 1, 2002 $0.0125
September 14, 2001 October 1, 2001 $0.0125
June 15, 2001 July 1, 2001 $0.0125
March 19, 2001 April 1, 2001 $0.0125
* All amounts represent pre-tax dividend amounts in Canadian dollars. All figures adjusted for the May 28, 2004, May 27, 2005 and May 28, 2010 two-for-one common stock splits. Stock Split History