Imperial Oil Limited (NYSEAMERICAN:IMO) Plans Quarterly Dividend of $0.43

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) declared a quarterly dividend on Monday, November 4th,Wall Street Journal reports. Stockholders of record on Tuesday, December 3rd will be given a dividend of 0.4304 per share by the energy company on Wednesday, January 1st. This represents a $1.72 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, December 3rd.

Imperial Oil has raised its dividend by an average of 42.8% annually over the last three years. Imperial Oil has a dividend payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Imperial Oil to earn $5.04 per share next year, which means the company should continue to be able to cover its $1.71 annual dividend with an expected future payout ratio of 33.9%.

Imperial Oil Stock Up 1.1 %

IMO opened at $73.92 on Monday. Imperial Oil has a 12 month low of $52.97 and a 12 month high of $80.17. The company has a market capitalization of $38.28 billion, a P/E ratio of 11.02 and a beta of 1.44. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on IMO shares. StockNews.com lowered Imperial Oil from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Scotiabank reaffirmed a “sector perform” rating and set a $110.00 target price on shares of Imperial Oil in a report on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Imperial Oil currently has a consensus rating of “Hold” and an average price target of $109.00.

Imperial Oil Company Profile

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.