Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) declared a quarterly dividend on Friday, May 1st, Zacks reports. Stockholders of record on Thursday, June 4th will be paid a dividend of 0.22 per share on Wednesday, July 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Wednesday, June 3rd.

TSE IMO opened at C$22.22 on Tuesday. Imperial Oil has a 52 week low of C$10.27 and a 52 week high of C$37.75. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 23.08. The business’s fifty day simple moving average is C$19.46 and its 200-day simple moving average is C$27.62. The firm has a market cap of $15.95 billion and a PE ratio of 9.75.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, May 1st. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C($0.03) by C$0.10. The company had revenue of C$6.69 billion for the quarter, compared to analysts’ expectations of C$6.44 billion. Research analysts expect that Imperial Oil will post 0.9091754 EPS for the current year.

A number of analysts recently issued reports on IMO shares. Royal Bank of Canada raised their price objective on Imperial Oil from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 12th. CSFB cut their price objective on Imperial Oil from C$27.00 to C$21.00 in a research report on Thursday, April 2nd. BMO Capital Markets raised their price objective on Imperial Oil from C$21.00 to C$23.00 in a research report on Monday, May 4th. CIBC cut their price objective on Imperial Oil from C$35.00 to C$25.00 in a research report on Wednesday, April 22nd. Finally, Canaccord Genuity dropped their target price on Imperial Oil from C$40.00 to C$27.00 in a research report on Tuesday, March 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Imperial Oil currently has a consensus rating of “Hold” and a consensus price target of C$25.56.

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, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.

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Dividend History for Imperial Oil (TSE:IMO)

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