Analysis – Imperial Oil Ltd. Increases Dividend by 9%

IMO

Imperial Oil Ltd. announced a regular quarterly dividend of $0.118 per share, a 9 percent increase from the prior rate of $0.108 per share. The dividend will be paid at the new higher rate on July 1, 2016, to shareholders of record at close of business on June 3, 2016.

Date Quarterly Dividend
6/3/2016 0.118
3/2/2016 0.104
12/1/2015 0.105
9/2/2015 0.106
6/2/2015 0.104
3/3/2015 0.104
12/1/2014 0.114
9/2/2014 0.12
6/2/2014 0.12
3/3/2014 0.117
11/29/2013 0.123
8/30/2013 0.114
5/30/2013 0.116
2/28/2013 0.117
11/29/2012 0.121
8/30/2012 0.121
5/30/2012 0.117
3/1/2012 0.121
11/30/2011 0.107
8/31/2011 0.111
5/31/2011 0.113
3/1/2011 0.11
12/1/2010 0.108
9/1/2010 0.106
6/1/2010 0.109
2/26/2010 0.095

Analysis of Valuation of Imperial Oil Ltd. (Symbol IMO).

Imperial Oil is trading below its average price/sales (P/S) range. Imperial Oil is trading at the top of its average dividend yield.

Price 5/9/16 % Yield 5 Year Div. Growth Rate SPS  2016 P/S  Ratio 10 yr P/S  Low 10 yr P/S  High 5 yr max Yield % 5 yr lowest Yield %
$31.21 1.49% 0.5% 22 1.45 0.69 2.63 1.49% 0.88%

 

Imperial Oil Ltd. Dividend Yield Chart (Click to enlarge)

IMO

Explanation:  Dividend growth stocks may be valued upon historical relative price/sales and current yield analysis. Dividend stocks trading at a low historical price/sales (P/S) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/S ratio stocks.  Max P/S price target is based upon company reaching its highest historical P/S ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years. Further information on evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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