Imperial Oil Ltd (TSE:IMO) Declares Quarterly Dividend of $0.16

Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) announced a quarterly dividend on Friday, October 27th, RTT News reports. Shareholders of record on Friday, December 1st will be paid a dividend of 0.16 per share on Monday, January 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Thursday, November 30th.

Shares of Imperial Oil (TSE IMO) traded down C$0.26 on Friday, hitting C$39.45. 733,500 shares of the company’s stock were exchanged, compared to its average volume of 680,627. Imperial Oil has a 1-year low of C$35.15 and a 1-year high of C$48.72.

In other Imperial Oil news, Director David Wallace Cornhill bought 5,500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average cost of C$39.78 per share, with a total value of C$218,790.00.

A number of brokerages recently weighed in on IMO. TD Securities lifted their price objective on shares of Imperial Oil from C$42.00 to C$43.00 and gave the company a “hold” rating in a report on Thursday, November 2nd. Barclays decreased their price target on shares of Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating for the company in a research note on Thursday, November 2nd. J P Morgan Chase & Co lifted their price target on shares of Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a research note on Thursday, September 14th. Finally, AltaCorp Capital downgraded shares of Imperial Oil from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, August 23rd. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Imperial Oil presently has a consensus rating of “Hold” and an average target price of C$42.82.

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About Imperial Oil

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

Dividend History for Imperial Oil (TSE:IMO)

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