Imperial Petroleum (IMPPP) Expected to Announce Quarterly Earnings on Monday

Imperial Petroleum (NASDAQ:IMPPP) is expected to announce its results before the market opens on Monday, February 23rd. Analysts expect the company to announce earnings of $0.34 per share and revenue of $45.60 million for the quarter.

Imperial Petroleum Trading Up 0.3%

NASDAQ:IMPPP opened at $25.77 on Friday. The firm’s fifty day simple moving average is $25.84 and its 200 day simple moving average is $25.64. Imperial Petroleum has a twelve month low of $22.91 and a twelve month high of $27.50.

Imperial Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Wednesday, December 24th were paid a dividend of $0.5469 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.5%.

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.