Imperial Oil Limited (NYSEAMERICAN:IMO) to Issue $0.44 Quarterly Dividend

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) announced a quarterly dividend on Monday, April 29th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date 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 raised its dividend annually for the last 1 consecutive years. Imperial Oil has a payout ratio of 25.7% indicating that 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 on Monday, reaching $71.16. The company’s stock had a trading volume of 265,249 shares, compared to its average volume of 416,607. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. The company has a market cap of $38.13 billion, a price-to-earnings ratio of 11.08 and a beta of 1.48. Imperial Oil has a 12-month low of $44.46 and a 12-month high of $74.58.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its earnings results on Friday, April 26th. The energy company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.10. Imperial Oil had a return on equity of 20.71% and a net margin of 9.46%. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $11.61 billion. On average, equities research analysts predict that Imperial Oil will post 6.07 EPS for the current year.

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.