Looking at the universe of stocks we cover at Dividend Channel, on 12/13/24, SFL Corporation Ltd (Symbol: SFL), Canadian Natural Resources Ltd (Symbol: CNQ), and Ovintiv Inc (Symbol: OVV) will all trade ex-dividend for their respective upcoming dividends. SFL Corporation Ltd will pay its quarterly dividend of $0.27 on 12/27/24, Canadian Natural Resources Ltd will pay its quarterly dividend of $0.5625 on 1/3/25, and Ovintiv Inc will pay its quarterly dividend of $0.30 on 12/31/24. As a percentage of SFL's recent stock price of $10.58, this dividend works out to approximately 2.55%, so look for shares of SFL Corporation Ltd to trade 2.55% lower — all else being equal — when SFL shares open for trading on 12/13/24. Similarly, investors should look for CNQ to open 1.75% lower in price and for OVV to open 0.73% lower, all else being equal.
Below are dividend history charts for SFL, CNQ, and OVV, showing historical dividends prior to the most recent ones declared.
SFL Corporation Ltd (Symbol: SFL):
Canadian Natural Resources Ltd (Symbol: CNQ):
Ovintiv Inc (Symbol: OVV):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 10.21% for SFL Corporation Ltd, 7.00% for Canadian Natural Resources Ltd, and 2.90% for Ovintiv Inc.
In Wednesday trading, SFL Corporation Ltd shares are currently up about 1.1%, Canadian Natural Resources Ltd shares are down about 0.8%, and Ovintiv Inc shares are trading flat on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
