Q: Hi 5i team,
My question is on CNQ. They have a dividend growth rate of something like 20% annually over the past 20 years, which is remarkable.
Realizing that past performance is no guarantee of future returns, how would you evaluate the company's dividend growth prospects for next 20?
If you were to assess it on a confidence scale of 1-10, based on what you know of the company, what would your assessment be?
Thanks!
Ryan
My question is on CNQ. They have a dividend growth rate of something like 20% annually over the past 20 years, which is remarkable.
Realizing that past performance is no guarantee of future returns, how would you evaluate the company's dividend growth prospects for next 20?
If you were to assess it on a confidence scale of 1-10, based on what you know of the company, what would your assessment be?
Thanks!
Ryan
5i Research Answer:
We like CNQ a lot; it is very well-managed, and has managed cyclicality well. In 2004 the...