Imperial Oil (HAM:IMP) Dividend Payout Ratio: 0.46 (As of Mar. 2026) — 53% Above Median


HAM:IMP Imperial Oil Ltd HAM:IMP
80 GF Score
Price €98.86
GF Value €69.69
! 2 Warning Signs
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What is Imperial Oil Dividend Payout Ratio?

Imperial Oil HAM:IMP -0.98% 80 Dividend Payout Ratio is 0.46 as of Mar. 2026, which is 53% above its 10-year median of 0.30. GuruFocus rates HAM:IMP with a GF Score™ of 80/100 and a GF Value™ of €69.69. The stock has 2 warning signs investors should review. Among 433 Oil & Gas companies, Imperial Oil ranks better than 63.74% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Imperial Oil's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.46.

The historical rank and industry rank for Imperial Oil's Dividend Payout Ratio or its related term are showing as below:

HAM:IMP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.3   Max: 3.96
Current: 0.39

During the past 13 years, the highest Dividend Payout Ratio of Imperial Oil was 3.96. The lowest was 0.13. And the median was 0.30.

HAM:IMP's Dividend Payout Ratio is ranked better than
63.74% of 433 companies
in the Oil & Gas industry
Industry Median: 0.5 vs HAM:IMP: 0.39

As of today (2026-06-28), the Dividend Yield % of Imperial Oil is 1.99%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Imperial Oil was 6.53%. The lowest was 1.20%. And the median was 2.16%.

Imperial Oil's Dividends per Share for the months ended in Mar. 2026 was €0.55.

During the past 12 months, Imperial Oil's average Dividends Per Share Growth Rate was 20.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 25.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 28.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 18.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Imperial Oil was 32.60% per year. The lowest was 1.80% per year. And the median was 6.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Imperial Oil (HAM:IMP) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Imperial Oil Dividend Payout Ratio Related Terms

Imperial Oil Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Imperial Oil's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Imperial Oil Dividend Payout Ratio Chart

Imperial Oil Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.04 0.24 0.27 0.34

Imperial Oil Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.40 0.33 0.37 0.46

HAM:IMP vs XOM, CVX: Dividend Payout Ratio Comparison

For the Oil & Gas Integrated subindustry, Imperial Oil's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Imperial Oil Dividend Payout Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Imperial Oil's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Imperial Oil's Dividend Payout Ratio falls into.


HAM:IMP
80GF Score
Imperial Oil Ltd HAM:IMP
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Imperial Oil Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Imperial Oil's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.783/ 5.281
=0.34

Imperial Oil's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.549/ 1.193
=0.46

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.46 mean?
Imperial Oil (HAM:IMP) has a Dividend Payout Ratio of 0.46 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Imperial Oil and its competitors. This is 53% above median its historical median of 0.30. Over the past decade, Imperial Oil's Dividend Payout Ratio has ranged from 0.13 to 3.96. According to the industry distribution chart, Imperial Oil ranks #157 out of 433 companies in the Oil & Gas industry, placing it in the top 36.3%.
Is Imperial Oil's Dividend Payout Ratio too high?
Imperial Oil's current Dividend Payout Ratio of 0.46 is 53% above median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 3.96. The Oil & Gas industry median Dividend Payout Ratio is 0.50. Imperial Oil's value of 0.46 is 8% below this industry median. Based on the distribution chart, Imperial Oil ranks #157 out of 433 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Imperial Oil has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Imperial Oil's Dividend Payout Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Imperial Oil ranks #157 out of 433 companies for Dividend Payout Ratio. This puts Imperial Oil in the upper half of its industry. The industry median Dividend Payout Ratio is 0.50. Imperial Oil's value of 0.46 is 8% below this benchmark. Historically, Imperial Oil's own Dividend Payout Ratio has ranged from 0.13 to 3.96 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.50, Imperial Oil has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Oil & Gas company?
The median Dividend Payout Ratio among Oil & Gas companies is 0.50, based on 433 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Imperial Oil's current Dividend Payout Ratio of 0.46 is 8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Imperial Oil and its competitors. For the Oil & Gas industry, the median Dividend Payout Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imperial Oil's current Dividend Payout Ratio is 0.46, which is 53% above median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Oil stock overvalued right now?
Imperial Oil (HAM:IMP) has a current Dividend Payout Ratio of 0.46. The stock's GF Value™ is €69.69, compared to a current price of €98.86 — trading 41.9% above its estimated fair value. The current Dividend Payout Ratio is 0.46, which is 53% above median its 10-year median of 0.30 and 8% below the Oil & Gas industry median of 0.50. Imperial Oil's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Imperial Oil (HAM:IMP), the current Dividend Payout Ratio is 0.46 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Imperial Oil (HAM:IMP) Overvalued in 2026?

Based on GuruFocus' analysis, Imperial Oil stock appears to be overvalued. The current stock price of €98.86 is trading 41.9% above its estimated GF Value™ of €69.69.

Key valuation signals for HAM:IMP:

  • Dividend Payout Ratio: 0.46 (53% above median its 10-year median of 0.30)
  • GF Value™: €69.69 vs. price of €98.86 (41.9% above fair value)
  • GF Score™: 80/100 with 2 warning signs
  • Industry Position: 8% below the Oil & Gas median (#157 of 433)

No single metric tells the full story. See the HAM:IMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Imperial Oil Business Description

Industry EnergyOil & Gas
Address 505 Quarry Park Boulevard S.E, Calgary, AB, CAN, T2C 5N1
Imperial Oil Ltd is an integrated oil company active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil, natural gas, petroleum products, and petrochemicals. It also pursues lower-emission business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. The company's reportable segments are Upstream, Downstream, and Chemical. Maximum revenue for the company is generated from its Downstream segment, which refines crude oil into petroleum products and distributes and market these products. The Upstream segment explores and produces crude oil, its equivalents, and natural gas, and the Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products.
80GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€98.86
Price
€69.69
GF Value