Shares of Imperial Petroleum Inc. (NASDAQ:IMPPP – Get Free Report) were down 0.8% during trading on Wednesday . The company traded as low as $25.89 and last traded at $25.89. Approximately 2,016 shares changed hands during mid-day trading, an increase of 86% from the average session volume of 1,083 shares. The stock had previously closed at $26.09.
Imperial Petroleum Trading Down 0.8%
The firm’s fifty day moving average price is $25.96 and its two-hundred day moving average price is $26.05.
Imperial Petroleum Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.5469 dividend. The ex-dividend date was Thursday, June 25th. This represents a $2.19 annualized dividend and a yield of 8.4%.
Imperial Petroleum Company Profile
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.
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