Imperial declares fourth quarter 2024 dividend

Rhea-AI Summary

Imperial Oil has declared a quarterly dividend of 60 cents per share for the fourth quarter of 2024, maintaining the same level as the third quarter. The dividend will be payable on January 1, 2025, to shareholders of record as of December 3, 2024. As Canada's largest petroleum refiner, Imperial has maintained a consistent dividend payment record for over 100 years, with 30 consecutive years of annual dividend increases.

Positive

• 30-year track record of consecutive annual dividend increases
• Consistent dividend payment maintained at $0.60 per share
• Century-long history of uninterrupted dividend payments

Negative

• None.

Insights

Financial Analyst

The maintained quarterly dividend of $0.60 per share reflects Imperial Oil's continued financial stability, marking their 30th consecutive year of dividend increases. This consistency in dividend payments, spanning over a century, demonstrates strong cash flow generation and shareholder commitment. With a current dividend yield of approximately 2.4%, Imperial's payout remains sustainable given their robust operational performance in Canada's petroleum sector.

The company's position as Canada's largest petroleum refiner and integrated operations across crude oil production and petrochemicals provides diversified revenue streams that support reliable dividend payments. The unchanged dividend suggests management's balanced approach to capital allocation while maintaining financial flexibility in the current energy market environment.

CALGARY, Alberta--(BUSINESS WIRE)-- Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 60 cents per share on the outstanding common shares of the company, payable on January 1, 2025, to shareholders of record at the close of business on December 3, 2024.

This fourth quarter 2024 dividend compares with the third 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/20241101437196/en/

For further information:

Investor relations

(587) 962-4401

Media relations

(587) 476-7010

Source: Imperial

FAQ

What is Imperial Oil's (IMO) dividend amount for Q4 2024?

Imperial Oil's dividend for Q4 2024 is 60 cents per share, unchanged from Q3 2024.

When will Imperial Oil (IMO) pay its Q4 2024 dividend?

Imperial Oil will pay its Q4 2024 dividend on January 1, 2025, to shareholders of record as of December 3, 2024.

How many consecutive years has Imperial Oil (IMO) increased its annual dividend?

Imperial Oil has increased its annual dividend payment for 30 consecutive years.

How long has Imperial Oil (IMO) been paying dividends?

Imperial Oil has been paying dividends consistently for over a century (more than 100 years).