5 Best Dividend Stocks According to Billionaire Ray Dalio

4. Canadian Natural Resources Limited (NYSE: CNQ)

Value: $210,000
Percent of Ray Dalio’s 13F Portfolio: 0.001%
No. of Hedge Fund Holders: 29

Canadian Natural Resources Limited (NYSE: CNQ) is a Canadian company that deals with fossil fuel exploration. It has operations in different parts of the world, including Western Canada, the UK, Gabon, and Côte d’Ivoire. Canadian Natural Resources is one of the largest oil producers in Canada.

The Canadian oil manufacturer revealed that it performed better than expected in Q4 2020, and it anticipates a better cash flow performance in 2021. The company reported C$749 million in net earnings in Q4 2020, representing a 25% YoY gain. CNR’s Non-GAAP EPS in Q4 was C$0.15, which outperformed the consensus estimate by C$0.06. Its GAAP EPS was C$0.63, which was higher than the consensus estimate by C$0.52. The company lost C$143 million from the cancelation of the Keystone XL pipeline project.

Canadian Natural Resources Limited (NYSE: CNQ) Q4 production was 1.2 million barrels per day, representing a 3% YoY growth. The company expects its free cash flow in 2021 to be between C$4.9 billion and C$5.4 billion. It also announced plans to raise its quarterly dividend to C$0.47 per share, which also means it will retain its position in the list of best dividend stocks, according to Ray Dalio.