Imperial Petroleum Inc. (IMPPP) to Issue Quarterly Dividend of $0.55 on June 30th

Imperial Petroleum Inc. (NASDAQ:IMPPP) announced a quarterly dividend on Wednesday, June 10th. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.5469 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Thursday, June 25th.

Imperial Petroleum Price Performance

Shares of IMPPP opened at $26.24 on Tuesday. The firm has a fifty day moving average price of $26.01 and a 200-day moving average price of $26.03. Imperial Petroleum has a 12-month low of $23.78 and a 12-month high of $27.78.

About Imperial Petroleum

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers. As of April 1, 2024, the company owned and operated a fleet of six medium range refined petroleum product tankers; one Aframax tanker; two suezmax tankers; and two handysize drybulk carriers with a total capacity of 791,000 deadweight tons.