Imperial Oil Limited Declares Quarterly Dividend of C$0.87 (NYSEAMERICAN:IMO)

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) declared a quarterly dividend on Friday, July 31st. Investors of record on Friday, September 4th will be paid a dividend of 0.87 per share by the energy company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, September 4th.

Imperial Oil has a payout ratio of 41.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Imperial Oil to earn $9.01 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 23.3%.

Imperial Oil Stock Performance

IMO stock traded up $0.77 during trading on Friday, reaching $129.57. The company had a trading volume of 947,648 shares, compared to its average volume of 673,437. The firm has a 50-day simple moving average of $120.67 and a 200-day simple moving average of $120.38. The company has a market cap of $62.66 billion, a price-to-earnings ratio of 30.56 and a beta of 0.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.23. Imperial Oil has a twelve month low of $81.87 and a twelve month high of $139.44.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its earnings results on Friday, July 31st. The energy company reported $4.52 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.91. Imperial Oil had a net margin of 6.22% and a return on equity of 16.88%. During the same quarter in the prior year, the firm posted $1.86 EPS. The business’s revenue was up 43.0% compared to the same quarter last year. As a group, sell-side analysts expect that Imperial Oil will post 9.6 earnings per share for the current year.

Imperial Oil Company Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.