IMO sets CAD 0.87 quarterly cash dividend, payable Oct. 1
TORONTO, Aug. 1. IMO declared a quarterly cash dividend of CAD 0.87 per share, the company disclosed. Both the ex-dividend date and the record date fall on Sept. 4. Shareholders registered on that day receive payment Oct. 1.
Key takeaways
- IMO declared a quarterly cash dividend of CAD 0.87 per share.
- The ex-dividend date and record date both fall on Sept. 4.
- Payment goes to shareholders registered on Sept. 4 and is made on Oct. 1.
- Under standard T+1 settlement, the ex-dividend and record dates align on the same calendar day.
- IMO issued no further statement, guidance, or commentary alongside the disclosure.
TORONTO, Aug. 1. IMO declared a quarterly cash dividend of CAD 0.87 per share, the company disclosed. Both the ex-dividend date and the record date fall on Sept. 4. Shareholders registered on that day receive payment Oct. 1.
Dividend mechanics
The ex-dividend date is the cutoff for this distribution. Buyers who settle their purchase before Sept. 4 appear on the qualifying register; anyone who buys on or after that date does not.
The record date, also Sept. 4, is the day IMO consults its shareholder register to determine who receives the payout. Under T+1 settlement, now standard across North American equity markets, a share purchased the prior business day settles in time to qualify. That alignment is why the two dates consistently land on the same calendar day rather than staggering, as they did under older T+2 rules.
Payment follows on Oct. 1, roughly four weeks after the record cutoff. That lag between qualification and distribution is standard for a publicly listed company running quarterly dividends.
Schedule
IMO described the payout as part of a quarterly dividend schedule. The company released no further statement, guidance, or commentary alongside the disclosure.