Imperial Oil Limited (IMO) to Distribute Quarterly Dividend of C$0.87 on October 1st

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) announced a quarterly dividend on Friday, July 31st. Stockholders 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) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, September 4th.

Imperial Oil has a payout ratio of 41.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Imperial Oil to earn $9.95 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 21.1%.

Imperial Oil Stock Performance

Shares of NYSEAMERICAN:IMO opened at $134.94 on Wednesday. The company has a market capitalization of $64.98 billion, a price-to-earnings ratio of 21.89 and a beta of 0.46. The firm’s 50 day simple moving average is $125.34 and its 200 day simple moving average is $124.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.19. Imperial Oil has a fifty-two week low of $83.27 and a fifty-two week high of $139.44.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings data on Friday, July 31st. The energy company reported $4.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $1.53. Imperial Oil had a net margin of 8.03% and a return on equity of 22.28%. The firm had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.92 billion. During the same quarter in the previous year, the company earned $1.86 earnings per share. The business’s revenue for the quarter was up 43.0% on a year-over-year basis. As a group, sell-side analysts forecast that Imperial Oil will post 11.19 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.