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

Imperial Oil Limited (NYSEAMERICAN:IMOGet Free Report) (TSE:IMO) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Friday, September 4th will be given 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 2.7%. 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. Analysts expect Imperial Oil to earn $9.01 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 23.3%.

Imperial Oil Stock Up 0.6%

Imperial Oil stock opened at $129.57 on Friday. Imperial Oil has a fifty-two week low of $81.87 and a fifty-two week high of $139.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.23. The company has a market capitalization of $62.66 billion, a P/E ratio of 21.00 and a beta of 0.45. The stock has a 50-day simple moving average of $120.60 and a 200-day simple moving average of $120.44.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in Imperial Oil by 30.4% in the 3rd quarter. Bank of America Corp DE now owns 3,840,645 shares of the energy company’s stock valued at $348,500,000 after purchasing an additional 895,117 shares in the last quarter. Morgan Stanley increased its position in Imperial Oil by 47.9% during the 4th quarter. Morgan Stanley now owns 1,867,363 shares of the energy company’s stock worth $161,172,000 after purchasing an additional 604,447 shares during the period. UBS Group AG raised its stake in shares of Imperial Oil by 21.6% during the 4th quarter. UBS Group AG now owns 1,709,910 shares of the energy company’s stock worth $147,582,000 after buying an additional 303,286 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Imperial Oil by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 1,693,690 shares of the energy company’s stock worth $149,067,000 after buying an additional 78,321 shares in the last quarter. Finally, Cibc World Market Inc. lifted its holdings in shares of Imperial Oil by 8.4% in the 4th quarter. Cibc World Market Inc. now owns 1,243,738 shares of the energy company’s stock valued at $107,459,000 after buying an additional 96,694 shares during the period. 20.74% of the stock is owned by hedge funds and other institutional investors.

Imperial Oil Company Profile

(Get Free Report)

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.

See Also

Dividend History for Imperial Oil (NYSEAMERICAN:IMO)

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