Canadian Natural president Tim McKay to retire, company raises dividend

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CALGARY — Canadian Natural Resources Ltd. announced the retirement of president Tim McKay next year as it raised its quarterly dividend and reported a third-...

CALGARY — Canadian Natural Resources Ltd. announced the retirement of president Tim McKay next year as it raised its quarterly dividend and reported a third-quarter profit of $2.34 billion, down from $2.81 billion a year ago.

Canadian Natural reported its profit amounted to $2.13 per diluted share for the quarter ended Sept. 30, down from $2.49 per diluted share a year earlier. The stock market is approaching a 'once-in-a-generation' buying opportunity as profits are about to take off almost everywhere, investment firm saysBank of Nova Scotia stock could be a major bargain in the banking scene right now. The post Canadian Bank Stocks Look Severely Undervalued: Here’s 1 With a 7.6% Yield appeared first on The Motley Fool Canada. -- Costco Wholesale Corp.

 

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