Imperial Petroleum Inc. (NASDAQ:IMPPP – Get Free Report)’s stock price dropped 0.8% on Thursday . The stock traded as low as $26.06 and last traded at $25.88. Approximately 1,481 shares changed hands during trading, an increase of 42% from the average session volume of 1,045 shares. The stock had previously closed at $26.10.
Imperial Petroleum Stock Down 0.8%
The firm’s 50 day moving average is $25.96 and its 200-day moving average is $26.05.
Imperial Petroleum Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.5469 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $2.19 dividend on an annualized basis and a 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.
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