SmarterDividends
IMO

Imperial Oil (IMO) Dividend

Imperial Oil Limited · Energy · Oil & Gas Integrated · quarterly payer

$129.24

Overvalued · -31% Add to Portfolio

As of Nov 5, 2026, Imperial Oil (IMO) pays a quarterly dividend of $0.6310 per share, or $2.48 a year, a 1.95% yield at its $129.24 share price. The next ex-dividend date is Dec 3, 2026, paid Jan 1, 2027. It has raised its dividend 10 years in a row and has a dividend safety grade of A.

Forward Yield

1.95%

Annual Dividend

$2.48

Payout Ratio

26%

5-Yr Growth

25.5%

Ex-Date

Dec 3, 2026

Frequency

Quarterly

Key facts about IMO's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Imperial Oil Limited (IMO) has a forward dividend yield of 1.95%, based on an annual dividend of $2.48 per share and a share price of $129.24.
  • As of Nov 5, 2026, IMO's dividend safety grade from SmarterDividends is A (83 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Imperial Oil Limited (IMO) has raised its dividend for 10 consecutive years as of Nov 5, 2026.
  • IMO last cut its regular dividend in 2015.
  • IMO's next ex-dividend date is Dec 3, 2026, with payment on Jan 1, 2027. Shares must be owned before that date to receive the dividend.
  • As of Nov 5, 2026, IMO pays out 26% of its trailing 12-month earnings as dividends (its payout ratio).
  • IMO's dividend has grown at an average rate of 25.5% a year over the past five years.
  • As of Nov 5, 2026, IMO's 1.95% yield is 25% below its five-year average yield of 2.59%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for IMO is $89.18 per share, 31% below the $129.24 share price, so IMO screens as overvalued.
  • Imperial Oil Limited (IMO) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "IMO Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/IMO

Is IMO a good dividend stock?

Yes

Imperial Oil Limited (IMO) pays a quarterly dividend yielding 1.95% ($2.48/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 (26%)
  • Strong 25.5% 5-yr dividend growth
  • 317% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 2015

Key Data

Dividend Yield
1.95%
Payout Ratio
26%
Annual Dividend
$2.48
5-Yr Avg Growth
25.5%
Ex-Dividend Date
Dec 3, 2026
Years of Growth
10
Frequency
quarterly
Beta
0.92
Market Cap
$61.0B
P/E Ratio
14.3
5-Yr Total Return
317%
52-Week Range
$83.27 – $139.44
Dividend Safety
A · 83/100
Ever Cut?
Yes (2015)

IMO dividend changes

Imperial Oil Limited (IMO) pays a variable dividend: across the 156 payments on record since 1987, 46 were higher than the one before and 22 lower. The latest change was up 0.8% to $0.631 per share, going ex-dividend on Sep 4, 2026.

Ex-dateChangeOld → newMove
Sep 4, 2026Higher$0.626 → $0.631+0.8%
Jun 4, 2026Lower$0.638 → $0.626−1.9%
Mar 5, 2026Higher$0.526 → $0.638+21.3%
Dec 3, 2025Higher$0.517 → $0.526+1.7%
Sep 4, 2025Lower$0.529 → $0.517−2.3%
Jun 4, 2025Higher$0.500 → $0.529+5.8%
Mar 5, 2025Higher$0.427 → $0.500+17.1%
Dec 3, 2024Lower$0.443 → $0.427−3.6%
Sep 4, 2024Higher$0.440 → $0.443+0.7%
Mar 1, 2024Higher$0.368 → $0.442+20.1%
Aug 31, 2023Higher$0.368 → $0.370+0.5%
Jun 1, 2023Higher$0.324 → $0.368+13.6%
Every IMO payment →Download every raise and cut (CSV)
IMO ex-dividend date & scheduleNext ex-date Dec 3, 2026 · full ex-dividend historyView →IMO dividend historyEvery payment, totals by year, raises and cutsView →IMO dividend calculator100 shares pay $248.00 a year, $62.00 each quarterCalculate →IMO total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is IMO a good dividend stock?

Yes. Imperial Oil Limited (IMO) pays a quarterly dividend yielding 1.95% ($2.48/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.

Is IMO undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, IMO's fair value is about $89.18 versus a $129.24 share price — so it looks overvalued (-31% vs. fair value).

Is IMO's dividend safe?

IMO has a dividend-safety grade of A (83/100), based on its payout coverage, free-cash-flow, 10-year growth streak, a dividend cut in 2015, debt and yield-versus-history.

What is IMO's fair value?

Our blended fair-value estimate for IMO is about $89.18 per share, about 31% below the current $129.24 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is IMO a buy, hold, or sell?

We don't issue formal ratings, but on the data IMO screens as "yes" and overvalued. Imperial Oil Limited (IMO) pays a quarterly dividend yielding 1.95% ($2.48/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. This is research for your own analysis, not investment advice.

Will IMO cut its dividend?

IMO earns a dividend-safety grade of A (83/100), and has cut its dividend before (last in 2015). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does IMO pay a dividend?

Yes. Imperial Oil Limited pays a quarterly dividend of about $2.48 per share annually, a forward yield of roughly 1.95%.

How much dividend does 100 shares of IMO pay?

At $2.48 per share a year, 100 shares of IMO pay $248.00 a year in dividends before tax, about $62.00 each quarter. Buying them costs about $12,924 at the Nov 5, 2026 price.

What is IMO's dividend yield?

As of Nov 5, 2026, IMO's forward dividend yield is 1.95%, based on a $2.48 annual dividend and a $129.24 share price.

What is IMO's dividend per share?

As of Nov 5, 2026, IMO pays $2.48 per share per year, distributed on a quarterly basis.

What is IMO's dividend payout ratio?

As of Nov 5, 2026, IMO's payout ratio is 26% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has IMO grown its dividend?

As of Nov 5, 2026, IMO has increased its dividend for 10 consecutive years.

When is the next IMO ex-dividend date?

As of Nov 5, 2026, the next ex-dividend date on record for IMO is Dec 3, 2026.

Income Calculator

At $2.48 / yr per share

Per payment (quarterly)$62.00
Annual$248.00
Monthly avg$20.67
Full IMO dividend calculator →

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