Imperial declares first quarter 2025 dividend

Rhea-AI Summary

Imperial Oil (TSE: IMO, NYSE American: IMO) has announced a quarterly dividend of 72 cents per share for the first quarter of 2025, representing a 20% increase from the previous quarter's dividend of 60 cents per share. The dividend will be payable on April 1, 2025, to shareholders of record as of March 5, 2025.

The company highlighted its track record of financial stability and growth in Canada's petroleum industry, noting that it has maintained dividend payments for over a century and has increased its annual dividend for 30 consecutive years. Imperial Oil maintains its position as Canada's largest petroleum refiner and a major crude oil producer and petrochemical manufacturer.

Positive

• 20% quarterly dividend increase from 60 to 72 cents per share
• 30-year track record of consecutive annual dividend increases
• Century-long history of consistent dividend payments

Negative

• None.

Insights

Financial Analyst

Imperial Oil's announcement of a 20% dividend increase to $0.72 per share marks a substantial enhancement to shareholder returns, significantly outpacing typical dividend growth rates in the energy sector. This aggressive increase signals strong management confidence in sustainable cash flows and operational stability, particularly noteworthy given the cyclical nature of the energy industry.

The company's 30-year streak of consecutive dividend increases places it in an elite category of dividend aristocrats, showcasing exceptional financial resilience through multiple commodity price cycles. As Canada's largest petroleum refiner, Imperial's integrated business model provides cash flow diversification that supports such consistent dividend growth.

The timing of this increase is particularly strategic, demonstrating management's confidence in maintaining higher capital returns despite ongoing energy transition pressures. The $0.12 per share increase represents one of the largest quarterly dividend raises in the company's recent history, suggesting robust free cash flow generation and a strong balance sheet position.

Imperial's dividend policy stands out in the Canadian energy sector for its consistency and growth trajectory. While many peers focus on variable dividends tied to commodity prices, Imperial's commitment to steady increases reflects the strength of its integrated business model, which includes upstream production, downstream refining and retail operations. This diversification provides natural hedging against oil price volatility, enabling more predictable shareholder returns.

CALGARY, Alberta--(BUSINESS WIRE)-- Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 72 cents per share on the outstanding common shares of the company, payable on April 1, 2025, to shareholders of record at the close of business on March 5, 2025.

This first quarter 2025 dividend compares with the fourth quarter 2024 dividend of 60 cents per share.

Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the petroleum industry. The company has paid dividends every year for over a century and has increased its annual dividend payment for 30 consecutive years.

Source: Imperial

After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250131416435/en/

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Source: Imperial

FAQ

What is Imperial Oil's Q1 2025 dividend amount and when is it payable?

Imperial Oil's Q1 2025 dividend is 72 cents per share, payable on April 1, 2025, to shareholders of record as of March 5, 2025.

How much did IMO increase its dividend compared to Q4 2024?

IMO increased its dividend by 20%, from 60 cents per share in Q4 2024 to 72 cents per share in Q1 2025.

How long has Imperial Oil (IMO) maintained its dividend payment streak?

Imperial Oil has paid dividends consistently for over a century and has increased its annual dividend for 30 consecutive years.

What is the record date for IMO's Q1 2025 dividend?

The record date for Imperial Oil's Q1 2025 dividend is March 5, 2025.