Imperial Oil Limited (IMO) To Go Ex-Dividend on December 3rd

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) announced a quarterly dividend on Friday, October 31st. Stockholders of record on Wednesday, December 3rd will be given a dividend of 0.72 per share by the energy company on Thursday, January 1st. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, December 3rd.

Imperial Oil has a dividend payout ratio of 41.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Imperial Oil to earn $6.37 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 33.0%.

Imperial Oil Trading Down 3.3%

NYSEAMERICAN:IMO opened at $88.21 on Friday. Imperial Oil has a one year low of $58.76 and a one year high of $96.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.58. The firm has a market cap of $43.83 billion, a P/E ratio of 13.59 and a beta of 0.83. The firm has a 50-day simple moving average of $90.03 and a 200-day simple moving average of $81.65.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Cibc World Mkts lowered shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Tudor Pickering lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. BMO Capital Markets restated an “outperform” rating on shares of Imperial Oil in a report on Monday, August 4th. TD Securities lowered shares of Imperial Oil from a “hold” rating to a “sell” rating in a report on Tuesday, September 30th. Finally, Royal Bank Of Canada boosted their price target on shares of Imperial Oil from $108.00 to $115.00 and gave the company a “sector perform” rating in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $115.00.

About Imperial Oil

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.