Imperial Oil Limited
IMOEnergy · Stock · quarterly payer
Forward Yield
2.00%
Annual Dividend
$2.45
Payout Ratio
51%
5-Yr Growth
25.5%
Ex-Date
Jun 4, 2026
Frequency
Quarterly
Summary
As of July 2026, Imperial Oil Limited (IMO) yields 2.00% ($2.45 per share annually), with a blended fair-value estimate of $79.05 — -35% downside, so it screens as overvalued. Dividend safety grade: A (80/100). 10 years of dividend growth.
Is IMO a good dividend stock?
YesImperial Oil Limited (IMO) pays a quarterly dividend yielding 2.00% ($2.45/yr), with 10 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 10 consecutive years of dividend growth
- Comfortable payout ratio (51%)
- Strong 25.5% 5-yr dividend growth
- 364% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2015
Key Data
- Dividend Yield
- 2.00%
- Payout Ratio
- 51%
- Annual Dividend
- $2.45
- 5-Yr Avg Growth
- 25.5%
- Ex-Dividend Date
- Jun 4, 2026
- Years of Growth
- 10
- Frequency
- quarterly
- Beta
- 0.82
- Market Cap
- $61.0B
- P/E Ratio
- 29.6
- 5-Yr Total Return
- 364%
- 52-Week Range
- $81.66 – $139.44
- Dividend Safety
- A · 80/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
IMO Price — Last 12 Months
Daily close
Price Return
1 Year
+35%
3 Years
+115%
5 Years
+364%
52-Week Range
$81.66 – $139.44
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is IMO worth?
Overvaluedlow confidenceOur blended fair-value estimate for Imperial Oil Limited is $79.05 per share, versus a market price of $122.52. That implies 35% of downside.
Fair Value
$79.05
Current Price
$122.52
Downside
-35%
Margin of Safety
-55%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 2.5% annual free-cash-flow growth. We model 2.2% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.4% discount rate (CAPM), 2.2% stage-1 growth, 2.5% terminal growth, $4.15 EPS, $2.45 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
IMO Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 4, 2026 | — | $0.6260 | regular |
| Mar 5, 2026 | — | $0.6380 | regular |
| Dec 3, 2025 | — | $0.5260 | regular |
| Sep 4, 2025 | — | $0.5170 | regular |
| Jun 4, 2025 | — | $0.5290 | regular |
| Mar 5, 2025 | — | $0.5000 | regular |
| Dec 3, 2024 | — | $0.4270 | regular |
| Sep 4, 2024 | — | $0.4430 | regular |
| Jun 3, 2024 | — | $0.4400 | regular |
| Mar 1, 2024 | — | $0.4420 | regular |
| Nov 30, 2023 | — | $0.3680 | regular |
| Aug 31, 2023 | — | $0.3700 | regular |
| Jun 1, 2023 | — | $0.3680 | regular |
| Mar 2, 2023 | — | $0.3240 | regular |
Income Calculator
At $2.45 / yr per share
