IMPERIAL OIL LTD. $48 (Toronto symbol IMO; Cyclical-Growth Dividend Payer Portfolio; Resources sector; Shares outstanding: 847.6 million; Market cap: $40.7 billion; Price-to-sales ratio: 1.8; Dividend yield: 1.3%; Dividend Sustainability Rating: Above Average; www.imperialoil.ca) is Canada’s second-largest integrated oil company, after Suncor Energy. U.S.-based ExxonMobil (New York symbol XOM) owns 69.6% of Imperial.
About 90% of the company’s crude production comes from its Alberta oil sands operations; they include its 25% stake in the Syncrude project. Suncor now owns 53.74% of that operation, while Imperial continues to manage it.
The company also has conventional oil and natural gas operations in Western Canada, and holds stakes in projects off the coast of Atlantic Canada.
Imperial last raised its quarterly dividend by 7.1% with the July 2016 payment. Investors now receive $0.15 a share instead of $0.14. The annual rate of $0.60 yields 1.3%.
125 years of dividends
That dividend yield seems low. However the company has paid dividends since 1891, and has increased the annual rate…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
We store subscriber and password files containing personal information securely. These files are stored in secure areas that are not accessible to the general public. We are always working to ensure the security of your personal information.
We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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