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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Imperial Oil Limited (IMO) pays a $3.33 annual dividend, yielding 1.87% at $128.62/share. Next ex-dividend date 2026-09-04. 9 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.87%
Annual Dividend: $3.33 per share
Payout Ratio: 37.5%
Ex-Dividend Date: 2026-09-04
Sector: Energy
Years of Dividend History: 43
Imperial Oil Limited dividend history spans over four decades, backed by a Canadian energy business with upstream oil production, downstream refining, and roughly 2,400 Esso-branded retail locations. The current yield is 1.87%, with a trailing annual dividend rate of $3.33 per share. The next ex-dividend date is September 4, 2026. IMO suits growth-and-income investors more than pure income seekers, given a 9-year streak of consecutive increases and a beta of 0.805.
Imperial Oil Limited pays out 37.5% of earnings as dividends, a payout ratio classified as conservative (below 40%). That level of earnings retention gives IMO meaningful room to maintain payments even if oil prices soften, and the company's integrated structure, spanning production, refining, and retail fuel distribution, spreads revenue across multiple business lines. The most significant pressure point for Imperial Oil Limited dividend safety is commodity price exposure: crude oil and natural gas prices directly affect upstream earnings, and a sustained downturn would compress the earnings base supporting that payout.
Imperial Oil Limited dividend history shows a CAGR of 11.1% per year from 2010 to 2025. The per-share annual dividend grew from $0.42 to $2.06 over that period (2026 is a partial year and excluded from the CAGR calculation). The largest single-year jump in the window was 37.2% in 2022. The history also contains at least one year-over-year decline exceeding 5%, so the growth has not been perfectly linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +22.5% | $1.12 (2022) | $2.06 (2025) |
| 5-Year | +25.4% | $0.67 (2020) | $2.06 (2025) |
| 10-Year | +14.2% | $0.55 (2015) | $2.06 (2025) |
IMO fits growth-and-income investors who want dividend expansion from an integrated Canadian energy company rather than a high starting yield. At 1.87%, the yield is low (below 2%), and that is the central trade-off: the current yield sits well above the 5-year average of 1.12%, but income-focused investors accustomed to yields above 3% will find the absolute payout modest. What IMO offers instead is a 9-year streak of increases and an 11.1% annual growth rate over 15 years. The 37.5% payout ratio keeps the dividend well-covered. An investor in IMO accepts a low starting yield in exchange for a dividend that has compounded at a double-digit rate.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-04 | $0.6288 |
| 2026-06-04 | $0.6263 |
| 2026-03-05 | $0.6359 |
| 2025-12-03 | $0.5161 |
| 2025-09-04 | $0.5206 |
| 2025-06-04 | $0.5267 |
| 2025-03-05 | $0.5002 |
| 2024-12-03 | $0.4266 |
| 2024-09-04 | $0.4438 |
| 2024-06-03 | $0.4400 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.8910 |
| 2025 | $2.0636 |
| 2024 | $1.7525 |
| 2023 | $1.4339 |
| 2022 | $1.1230 |
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