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

NEW YORK ( TheStreet) -- The ex-dividend date for Imperial Oil (AMEX: IMO) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $40.92 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Imperial Oil has been 315,300 shares per day over the past 30 days. Imperial Oil has a market cap of $34.28 billion and is part of the basic materials sector and energy industry. Shares are down 9.1% year to date as of the close of trading on Friday.

Imperial Oil Limited 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 9.5, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Imperial Oil as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Imperial Oil Ratings Report.

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