Imperial Oil Limited (TSE:IMO) to Issue Quarterly Dividend of $0.60

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) announced a quarterly dividend on Friday, November 1st, Zacks reports. Shareholders of record on Tuesday, December 3rd will be paid a dividend of 0.60 per share on Wednesday, January 1st. This represents a $2.40 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Imperial Oil Price Performance

Shares of TSE:IMO traded down C$5.33 on Friday, hitting C$98.57. The company had a trading volume of 1,368,162 shares, compared to its average volume of 960,077. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The company has a market cap of C$52.82 billion, a PE ratio of 10.33, a PEG ratio of 0.21 and a beta of 1.78. Imperial Oil has a 52-week low of C$72.03 and a 52-week high of C$108.89. The business has a 50 day moving average of C$99.83 and a 200 day moving average of C$96.71.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.94 by C$0.17. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. The company had revenue of C$13.38 billion for the quarter, compared to analyst estimates of C$14.30 billion. As a group, equities analysts anticipate that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IMO has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on shares of Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. JPMorgan Chase & Co. increased their price target on Imperial Oil from C$94.00 to C$97.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. National Bankshares lowered their price objective on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Scotiabank downgraded Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price on the stock. in a research report on Wednesday, September 25th. Finally, Desjardins lifted their price target on Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Ten equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$99.25.

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.