Imperial Oil Limited (NYSEAMERICAN:IMO – Get 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.
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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.
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