Just caught CNQ's latest earnings drop and the dividend increase caught my eye. They bumped up the quarterly payout by 6% to C$0.625 per share starting in April, which is solid for dividend hunters. Q4 revenue came in at C$9.6B, up slightly from C$9.47B year-over-year, though adjusted earnings actually dipped to C$1.7B from C$1.97B. The headline number looks impressive at C$5.3B thanks to a big gain on acquisitions and remeasurement, but that's a one-time thing. What's interesting is the company also got approval to buy back up to 10% of shares through the TSX, so they're confident enough to return capital both ways. Pre-market action had CNQ shares moving up 1.29% to $45.75, which makes sense given the dividend hike and buyback authorization. Not a huge move but shows investors are comfortable with management's capital allocation strategy.

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