Imperial raises its dividend

Article Excerpt

IMPERIAL OIL $47.67 (Toronto symbol IMO; Shares outstanding: 850.5 million; Market cap: $39.1 billion; TSINetwork Rating: Average; Dividend yield: 1.0%; www.imperialoil.ca) reports that its earnings rose 25.5% in the three months ended December 31, 2011, to $1.18 a share from $0.94 a share. Revenue rose 17.1%, to $8.1 billion from $6.9 billion. Imperial has also raised its quarterly dividend by 9.1%, to $0.12 a share from $0.11. The new annual rate of $0.48 yields 1.0%. The company has paid dividends every year for over a century, and it has raised its payout for seventeen straight years. Imperial Oil is still a buy. buy…