Imperial Oil Limited (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO declared a quarterly dividend on Monday, April 29th, Wall Street Journal reports. Stockholders of record on Monday, June 3rd will be given a dividend of 0.4377 per share by the energy company on Monday, July 1st. This represents a $1.75 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Monday, June 3rd.
Imperial Oil has increased its dividend payment by an average of 29.2% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Imperial Oil has a dividend payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Imperial Oil to earn $6.52 per share next year, which means the company should continue to be able to cover its $1.77 annual dividend with an expected future payout ratio of 27.1%.
Imperial Oil Stock Performance
Shares of IMO traded up $0.46 during midday trading on Monday, hitting $71.16. The stock had a trading volume of 263,246 shares, compared to its average volume of 417,330. Imperial Oil has a fifty-two week low of $44.46 and a fifty-two week high of $74.58. The stock has a market cap of $38.13 billion, a price-to-earnings ratio of 11.15 and a beta of 1.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.96.
Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last announced its earnings results on Friday, April 26th. The energy company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.55 by $0.10. The company had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $11.61 billion. Imperial Oil had a net margin of 9.46% and a return on equity of 20.71%. On average, equities research analysts expect that Imperial Oil will post 6.07 earnings per share for the current year.
About Imperial Oil
(
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Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.
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