The Investment Reporter, in its June 2, 2023, issue, refreshes its buy of Imperial Oil Ltd., recently $64.44. The Reporter said buy 31 times from May 21, 1996, to Jan. 20, 2023, at prices ranging from $16.99 to $107 (the stock split 3:1 in May, 1998, and then split 3:1 again in May, 2006). Assuming an investment of $1,000 for each of the 31 buys, the $31,000 position would now be worth $92,729. Imperial Oil is Canada's second-biggest integrated oil company. The company now pays a dividend of $2 a share, up from $1.76 a share. The $2-a-share dividend is equal to a yield of 3.1 per cent. Imperial Oil has increased its dividend for more than five straight years, which in Canada makes the company a "dividend aristocrat." The Reporter says buy Imperial Oil.
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