Imperial Oil Limited (TSE:IMO) Plans Quarterly Dividend of $0.74

Key Points

• Imperial Oil Limited has announced a quarterly dividend of $0.74 per share, set to be paid on October 1st to shareholders of record as of September 4th, reflecting a 2.8% increase from the prior dividend of $0.72.
• Currently trading at C$114.48, Imperial Oil has a market capitalization of C$59.76 billion and a PE ratio of 12.30, with analysts generally maintaining a consensus rating of "Hold" and an average price target of C$104.11.
• Several brokerages have recently adjusted their ratings on Imperial Oil, with Desjardins downgrading the stock to a "strong sell," while Scotiabank raised its price target significantly from C$100.00 to C$110.00.

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO announced a quarterly dividend on Friday, August 1st, RTT News reports. Shareholders of record on Thursday, September 4th will be paid a dividend of 0.74 per share on Wednesday, October 1st. This represents a c) annualized dividend and a yield of 2.5%. This is a 2.8% increase from Imperial Oil's previous quarterly dividend of $0.72.

Imperial Oil Stock Up 1.8%

IMO traded up C$2.06 during trading on Tuesday, hitting C$116.96. The stock had a trading volume of 946,911 shares, compared to its average volume of 783,114. The company has a market capitalization of C$61.06 billion, a PE ratio of 12.56, a PEG ratio of 0.21 and a beta of 1.78. Imperial Oil has a twelve month low of C$82.98 and a twelve month high of C$118.80. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. The stock has a 50 day simple moving average of C$109.13 and a two-hundred day simple moving average of C$101.33.

About Imperial Oil

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.