Imperial Petroleum Inc. (NASDAQ:IMPPP) to Issue $0.55 Quarterly Dividend

Imperial Petroleum Inc. (NASDAQ:IMPPP) declared a quarterly dividend on Tuesday, September 17th, Wall Street Journal reports. Shareholders of record on Wednesday, September 25th will be given a dividend of 0.5469 per share on Monday, September 30th. This represents a $2.19 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date of this dividend is Wednesday, September 25th.

Imperial Petroleum Stock Up 0.4 %

IMPPP stock traded up $0.10 during trading on Tuesday, reaching $25.60. The stock had a trading volume of 6,028 shares, compared to its average volume of 2,406. Imperial Petroleum has a 52 week low of $18.71 and a 52 week high of $26.74. The stock’s 50 day moving average is $24.77 and its two-hundred day moving average is $24.44.

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.