Imperial Oil stock dividend – Imperial Oil Increases Quarterly Dividend to $0.50 Per Share

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Imperial Oil ($TSX:IMO), one of North America’s leading integrated oil and gas companies, announced on April 28, 2023 that its board of directors has approved a quarterly dividend of $0.50 per share. The company also holds extensive interests in natural gas, gasoline, lubricants and other products and services. The announcement of this dividend increase is the latest in a series of strategic investments made by Imperial Oil over the last year. This includes investments in renewable energy sources, such as solar and wind, as well as initiatives to reduce emissions from their operations. Imperial Oil’s commitment to sustainable practices has been reflected in their stock price, which has seen a steady increase over the last year.

The quarterly dividend increase is a clear signal that Imperial Oil is dedicated to providing its shareholders with long-term value. This marks the sixth consecutive quarter in which Imperial Oil has increased its dividend, demonstrating the company’s confidence in its future earnings potential. Imperial Oil’s board of directors believes that this dividend increase will be a benefit to shareholders for years to come.

Dividends – Imperial Oil stock dividend

IMPERIAL OIL has recently announced that it will increase its quarterly dividend to $0.50 per share, up from the prior annual dividend of $1.56, $1.46, and $1.03 CAD in the last three years. This increase brings the projected dividend yields from 2021 to 2023 to 2.3%, 2.3% and 3.01% respectively, with an average dividend yield of 2.54%. If you are looking for a dividend stock, IMPERIAL OIL may be worth looking into. The increased quarterly dividend is a sign that the company is confident in its future prospects, and the generous dividend yields make it an attractive investment opportunity.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Imperial Oil. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Imperial Oil. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Imperial Oil. More…

Key Ratios Snapshot

Some of the financial key ratios for Imperial Oil are shown below. More…

Share Price

This is the third increase to the dividend in the last year, demonstrating the company’s commitment to providing shareholders with increased value. The news of the increased dividend was not enough to give a boost to Imperial Oil‘s stock on Monday, which opened at CA$69.4 and closed at CA$67.9, down by 1.7% from its previous closing price of CA$69.1. Despite this, investors remain confident in the company’s ability to grow and sustain returns to shareholders. Live Quote…

Analysis

At GoodWhale, we believe that financial and business wellbeing of any company should be taken seriously. After a thorough analysis, we can proudly say that IMPERIAL OIL is a medium risk investment. We have detected two risk warnings in their income sheet and balance sheet. These warnings should definitely be taken into consideration if you are considering investing in IMPERIAL OIL. We recommend that you register with us to get more detailed insights on these risk warnings. This will help you make a better decision when it comes to investing in IMPERIAL OIL. At GoodWhale, we are committed to helping you make smart decisions when it comes to investments. We strive to provide you with the best guidance and analysis on potential investments. Therefore, if you have any other concerns regarding IMPERIAL OIL’s financial or business wellbeing, don’t hesitate to reach out to us. More…

Peers

Its main competitors include Cenovus Energy Inc, YPF SA, and Equinor ASA. All four companies are involved in the exploration, production, and marketing of energy resources, and all have established long-term strategies for growth in the industry.

– Cenovus Energy Inc ($TSX:CVE)

Cenovus Energy Inc is a Calgary-based integrated oil and natural gas company that focuses on the development, production and marketing of crude oil, natural gas and natural gas liquids. As of 2022, Cenovus Energy Inc has a market capitalization of 47.01 billion, making it one of the largest oil and gas companies in Canada. The company also boasts a solid Return on Equity of 19.76%, which is higher than the industry average of 18.2%. This impressive performance indicates that Cenovus is efficiently utilizing their assets to generate profits for shareholders. As one of the largest integrated oil and gas companies in Canada, Cenovus Energy Inc is well positioned to continue to be a leader in the industry.

– YPF SA ($BER:YPF)

YPF SA is an integrated oil and gas company based in Argentina. It is the country’s largest energy company, specializing in exploration and production, refining, transportation, and distribution of hydrocarbons. The company’s market cap of 2.77B reflects its strong financial performance, with a return on equity of 22.79%. YPF SA has been able to generate strong returns for investors due to its efficient operations and continuous development of new resources. The company has also invested heavily in technology and innovation to increase efficiency and productivity. YPF SA is well-positioned to continue to grow its market cap and return on equity in the future.

– Equinor ASA ($OTCPK:STOHF)

Equinor ASA is a multinational energy company based in Norway. The company is engaged in oil and gas exploration and production, as well as renewable energy and energy services. As of 2021, the company has a market capitalization of 111.75 billion dollars, making it one of the largest public companies in the world. Additionally, the company has an impressive return on equity of 116.26%, reflecting strong performance in its core business segments. This is indicative of its overall focus on delivering strong financial performance and shareholder value.

Summary

Investing in Imperial Oil can be a good option due to the company’s regular quarterly dividend of $0.50 per share. This dividend has been declared by the board on April 28, 2023, showing the company’s commitment to rewarding its shareholders. Investors should take into consideration the company’s stock performance over time, as well as corporate news, including any changes in dividend rate.

Additionally, it is important to assess the current market conditions and analyze the stock trends in relation to Imperial Oil’s competitors. This can help investors make sound decisions and allocate their funds effectively.