Imperial Oil Limited (TSE:IMO) Announces $0.60 Quarterly Dividend

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) declared a quarterly dividend on Tuesday, December 3rd,Zacks Dividends reports. Shareholders of record on Wednesday, January 1st will be given a dividend of 0.60 per share on Wednesday, January 1st. This represents a $2.40 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Imperial Oil Stock Performance

IMO opened at C$103.69 on Monday. The business has a fifty day simple moving average of C$102.57 and a 200-day simple moving average of C$97.86. The firm has a market cap of C$55.56 billion, a PE ratio of 10.87, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. Imperial Oil has a fifty-two week low of C$72.03 and a fifty-two week high of C$108.89.

Wall Street Analyst Weigh In

Several analysts have issued reports on IMO shares. TD Securities boosted their price objective on Imperial Oil from C$92.00 to C$93.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Raymond James boosted their price target on shares of Imperial Oil from C$99.00 to C$101.50 in a report on Monday, November 4th. BMO Capital Markets raised their price objective on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Scotiabank downgraded shares of 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 note on Wednesday, September 25th. Finally, National Bankshares decreased their target price on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Nine research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$103.35.

About Imperial Oil

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.