Imperial Oil Limited (IMO) To Go Ex-Dividend on June 2nd

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) declared a quarterly dividend on Friday, April 30th, Zacks reports. Stockholders of record on Thursday, June 3rd will be paid a dividend of 0.27 per share on Thursday, July 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, June 2nd. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.22.

Shares of TSE:IMO opened at C$35.50 on Friday. The company has a debt-to-equity ratio of 25.10, a current ratio of 1.34 and a quick ratio of 0.80. Imperial Oil has a one year low of C$14.86 and a one year high of C$35.70. The company’s fifty day moving average price is C$31.33 and its 200-day moving average price is C$25.84. The firm has a market capitalization of C$26.06 billion and a price-to-earnings ratio of -14.03.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Tuesday, February 2nd. The company reported C$0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.09 by C($0.06). The company had revenue of C$6.03 billion for the quarter, compared to the consensus estimate of C$6.23 billion. As a group, equities research analysts expect that Imperial Oil will post 2.59 EPS for the current year.

IMO has been the topic of several recent research reports. Bank of America increased their target price on shares of Imperial Oil from C$28.00 to C$29.50 in a report on Wednesday, February 24th. TD Securities increased their target price on shares of Imperial Oil from C$28.00 to C$29.00 and gave the company a “hold” rating in a report on Friday, February 26th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on shares of Imperial Oil from C$29.00 to C$32.00 and gave the company a “sector perform” rating in a report on Thursday, April 15th. Citigroup increased their price target on shares of Imperial Oil from C$23.00 to C$29.00 in a research report on Monday, January 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of Imperial Oil from C$37.00 to C$39.00 in a research report on Thursday, April 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. Imperial Oil presently has a consensus rating of “Hold” and an average price target of C$33.08.

Imperial Oil Company Profile

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2020, this segment had 138 million oil-equivalent barrels of proved undeveloped reserves.

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Dividend History for Imperial Oil (TSE:IMO)

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