The company says it will now pay a quarterly dividend of $0.44 per share, up from its previous dividend of $0.34 per share From jefflagerquist
) climbed as much as 10 per cent on Friday as the company rewarded shareholders with the largest dividend increase in its history.before the opening bell, showing earnings more than doubled from a year ago, at $2.03 billion. Total revenue and other income for the quarter rose nearly 49 per cent year-over-year to $15.22 billion.
Like many Canadian oil and gas producers, Imperial continues to reward shareholders with the spoils of pricier commodities.The company said on Friday that it plans to buy back up to $1.5 billion of its shares, and will now pay a quarterly dividend of $0.44 per share, up from its previous dividend of $0.34 per share.
Toronto-listed shares added 8.2 per cent to $72.98 as at 1:05 p.m. ET. The stock has climbed about 48 per cent this year.