Imperial Petroleum Inc. (NASDAQ:IMPPP – Get Free Report)’s stock price shot up 0.3% on Friday . The company traded as high as $25.80 and last traded at $25.77. 2,133 shares traded hands during trading, an increase of 92% from the average session volume of 1,112 shares. The stock had previously closed at $25.69.
Imperial Petroleum Stock Performance
The business has a 50-day moving average price of $25.84 and a 200 day moving average price of $25.64.
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 issued a dividend of $0.5469 per share. This represents a $2.19 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend was Wednesday, December 24th.
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.
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