Imperial Oil Ltd (IMO) to Issue Quarterly Dividend of $0.16 on January 1st
Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) announced a quarterly dividend on Friday, October 27th, RTT News reports. Investors of record on Friday, December 1st will be given a dividend of 0.16 per share on Monday, January 1st. This represents a $0.64 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, November 30th.
Shares of Imperial Oil (IMO) opened at C$39.69 on Wednesday. Imperial Oil has a twelve month low of C$35.15 and a twelve month high of C$48.72.
A number of research analysts have weighed in on the stock. TD Securities decreased their target price on shares of Imperial Oil from C$44.00 to C$43.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Royal Bank Of Canada decreased their target price on shares of Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. J P Morgan Chase & Co raised their target price on shares of Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a research note on Thursday, September 14th. Barclays decreased their target price on shares of Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating on the stock in a research note on Thursday, November 2nd. Finally, AltaCorp Capital lowered shares of Imperial Oil from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, August 23rd. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$42.92.
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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