The Imperial Oil Limited Announces Quarterly Dividend of C$0.15 (IMO)

The Imperial Oil Limited Announces Quarterly Dividend of C$0.15 (IMO)

Imperial Oil Limited (TSE:IMO) declared a quarterly dividend on Friday, October 28th. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.15 per share on Sunday, January 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.38%.

Imperial Oil Limited (TSE:IMO) opened at 43.38 on Monday. The stock has a 50 day moving average of $41.58 and a 200-day moving average of $40.97. Imperial Oil Limited has a one year low of $37.25 and a one year high of $46.27. The company has a market cap of $36.77 billion and a price-to-earnings ratio of 44.72.

Several equities analysts have recently commented on IMO shares. Scotiabank reissued a “sector perform” rating and issued a C$45.00 target price on shares of Imperial Oil Limited in a report on Tuesday, August 2nd. Raymond James Financial Inc. raised shares of Imperial Oil Limited from a “market perform” rating to an “outperform” rating in a report on Thursday, September 22nd. JPMorgan Chase & Co. boosted their target price on shares of Imperial Oil Limited from C$43.00 to C$45.00 in a report on Monday, September 12th. TD Securities lowered their target price on shares of Imperial Oil Limited from C$49.00 to C$48.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Finally, CSFB upped their price target on shares of Imperial Oil Limited from C$46.00 to C$48.00 and gave the company a “neutral” rating in a research note on Tuesday, August 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$45.15.

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