Imperial Oil Limited (TSE:IMO) to Issue Quarterly Dividend of $0.72

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO announced a quarterly dividend on Wednesday, June 4th, TickerTech Dividends reports. Stockholders of record on Tuesday, July 1st will be given a dividend of 0.72 per share on Tuesday, July 1st. This represents a $2.88 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Wednesday, June 4th.

Imperial Oil Stock Up 0.9%

TSE:IMO traded up C$0.85 during trading hours on Thursday, reaching C$99.88. The company had a trading volume of 173,695 shares, compared to its average volume of 830,013. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. The firm has a market cap of C$52.14 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.21 and a beta of 1.78. The business's 50-day simple moving average is C$95.34 and its two-hundred day simple moving average is C$97.29. Imperial Oil has a twelve month low of C$82.98 and a twelve month high of C$108.89.

Wall Street Analyst Weigh In

IMO has been the subject of several recent analyst reports. Wolfe Research raised shares of Imperial Oil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Scotiabank raised shares of Imperial Oil to a "hold" rating in a research note on Wednesday, March 19th. TD Securities cut their price target on shares of Imperial Oil from C$94.00 to C$92.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Raymond James raised shares of Imperial Oil from a "market perform" rating to an "outperform" rating and cut their price target for the stock from C$108.00 to C$104.00 in a research note on Wednesday, April 9th. Finally, Desjardins lowered shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Imperial Oil has an average rating of "Hold" and an average target price of C$103.78.

Imperial Oil Company Profile

Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.