The company stated that it “plans further special dividends over the next several quarters, contingent upon commodity prices and free cash flow allocation decisions.” On October 7, Tourmaline paid a special dividend of $0.75 per share and increased the annual base dividend to $0.72 per share. Tourmaline is a Canadian crude oil and natural gas exploration and production company engaged in the production, exploration, and development of crude oil in the Western Canadian Sedimentary Basin.Įarlier this month, the company declared a quarterly cash dividend of C$0.18 per share that will be payable today to shareholders of record as on December 15. The average Canadian Natural Resources stock prediction of $48.46 implies upside potential of 14.9% to current levels.Įven the news sentiment regarding CNQ is very positive as indicated by the 100% bullish sentiment regarding the stock in the past week as compared to a sector average of 61% bullish. This was the 22nd consecutive year of dividend rise for the company, indicating a dividend compounded annual growth rate (CAGR) of 20% over the past 22 years.ĬNQ stated in its Q3 press release that shareholder returns were “significant” this year as it “has returned approximately $3.1 billion by way of dividends and share repurchases up to and including November 3, 2021,” indicating the durability of its business model.Īnalysts are also upbeat about the stock with a Strong Buy consensus rating based on 11 Buys and three Holds.
Last month, CNQ announced a quarterly cash dividend of C$0.5875 per share, a 25% rise in quarterly dividend where the dividend will be payable on January 5 next year to shareholders of record at close of business as on December 10. The company is engaged in the exploration, development, marketing, and production of crude oil, natural gas, and natural gas liquids (NGLs). Canadian Natural Resources ( NYSE: CNQ)Ĭanadian Natural Resources is another oil and natural gas production company that has made it on this list. The TipRanks Smart Score system evaluates a stock based on eight different parameters including media and investor sentiment, analyst recommendations, and hedge fund activity. The average Chevron stock prediction of $135.06 implies upside potential of 15.2% to current levels.Ĭhevron also scores a "Perfect 10" when it comes to stock analysis on TipRanks. Other Wall Street analysts are also optimistic about Chevron’s growth prospects and have rated the stock a Strong Buy based on 14 Buys and three Holds. The analyst reiterated a Buy and a price target of $155 (32% upside) on the stock. According to Mike Wirth, Chevron chairman and CEO, this growth was “largely due to improved market conditions, strong operational performance and a lower cost structure.” The company reported the highest third-quarter earnings this year since Q1 of 2013. Chevron ( NYSE: CVX)Ĭhevron, the oil giant, is another top pick on this list. The average Altria Group stock prediction of $52.63 implies upside potential of 11.6% to current levels. The analyst stated, “We continue to see strong upside for the Altria shares as the underlying growth potential of the business (MSD earnings growth), the consistency of its annual earnings growth, the 8% dividend yield, and the optionality around the ABI stake ($12 billion) provide the support for this outlook.”īesides Growe, other analysts are also upbeat about the stock with a Strong Buy consensus rating based on six Buys and two Holds. Stifel Nicolaus analyst Christopher Growe had reiterated a Buy and a price target of $56 (18.5% upside) on the stock last month.
The company’s current annualized dividend rate is $3.60 per share, indicating a dividend yield of 7.5% as of October 25.Įven analysts are bullish about the stock. In Q3, Altria paid out $1.6 billion in dividends and announced a quarterly dividend of $0.90 per share payable on Januto shareholders of record as of December 23 with an ex-dividend date of December 22. We also continued to reward shareholders with a strong and growing dividend and announced today the expansion of our existing $2.0 billion share repurchase program to $3.5 billion.” The CEO added that the company remained “encouraged by the significant retail share growth from on! in the third quarter. In Q3, the cigarette company’s revenues declined 4.7% year-over-year to $6.79 billion.īilly Gifford, Altria’s CEO commented that its tobacco business still did well against a difficult comparison to last year. The company also has equity stakes in Anheuser-Busch InBev ( BUD), the brewer for famous brands like Budweiser, and Cronos Group, a Canadian cannabinoid company. Altria Group ( NYSE: MO)Īltria has an expansive portfolio of tobacco products for tobacco consumers in the United States over the age of 21. Instead, we have looked at dividend-paying stocks that also have good growth prospects and which the analysts are bullish about.
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