EX-99.1 2 eh1301222_ex9901.htm EXHIBIT 99.1 eh1301222_ex9901.htm
EXHIBIT 99.1
 
GRAPHIC
 
 
CANADIAN NATURAL RESOURCES LIMITED
ANNOUNCES 60% INCREASE IN QUARTERLY DIVIDEND
CALGARY, ALBERTA – NOVEMBER 7, 2013 – FOR IMMEDIATE RELEASE
 
 
Canadian Natural Resources Limited (“Canadian Natural” or “the Company”) announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.20 (twenty cents) per common share. The dividend will be payable January 1, 2014 to shareholders of record at the close of business on December 13, 2013.
 
Confidence in the Company’s ability to execute its defined growth plan and the sustainability of its free cash flow generation has led the Company’s Board of Directors to approve a 60% increase in the quarterly dividend to C$0.20 per common share from C$0.125 per common share. For the past fourteen consecutive years, the Company has increased the cash dividend per common share. Subsequent to the completion of Phase 1 of the Horizon Project in 2009, the compound average growth rate of the dividend payment is 31%.
 
Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa.
 

 

CANADIAN NATURAL RESOURCES LIMITED
2500, 855 – 2nd Street S.W.
Calgary, Alberta
T2P 4J8
 
 
Telephone:      (403) 514-7777
Facsimile:        (403) 514-7888
Email:              ir@cnrl.com
Website:          www.cnrl.com
 
 
Trading Symbol - CNQ
Toronto Stock Exchange
New York Stock Exchange
STEVE W. LAUT
President
 
COREY B. BIEBER
Chief Financial Officer &
Senior Vice-President, Finance
 
DOUGLAS A. PROLL
Executive Vice-President
 
 
 


 


 
Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws.  Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Refer to our website for complete forward-looking statements www.cnrl.com