Imperial Petroleum (NASDAQ:IMPPP) Shares Up 0.8% – Here’s Why

Imperial Petroleum Inc. (NASDAQ:IMPPP)’s share price traded up 0.8% during mid-day trading on Wednesday . The company traded as high as $25.90 and last traded at $25.90. 1,134 shares changed hands during trading, an increase of 2% from the average daily volume of 1,113 shares. The stock had previously closed at $25.70.

Imperial Petroleum Stock Up 0.3%

The firm has a 50 day moving average price of $25.90 and a 200 day moving average price of $26.06.

Imperial Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.5469 per share. The ex-dividend date was Thursday, June 25th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.5%.

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.