Imperial Oil Stock To Go Ex-dividend Tomorrow (IMO)

NEW YORK ( TheStreet) -- The ex-dividend date for Imperial Oil (AMEX: IMO) is tomorrow, March 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $51.22 as of 9:31 a.m. ET, the dividend yield is 0.9%.

The average volume for Imperial Oil has been 352,500 shares per day over the past 30 days. Imperial Oil has a market cap of $43.1 billion and is part of the basic materials sector and energy industry. Shares are up 26.6% year to date as of the close of trading on Friday.

Imperial Oil Ltd. engages in the exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The company has a P/E ratio of 19.6, below the average energy industry P/E ratio of 23 and below the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Imperial Oil as buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Imperial Oil Ratings Report.

See our dividend calendar or top-yielding stocks list.

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