Imperial Petroleum Inc. (NASDAQ:IMPPP – Get Free Report) announced a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Shareholders of record on Wednesday, March 26th will be given a dividend of 0.5469 per share on Monday, March 31st. This represents a $2.19 annualized dividend and a yield of 8.88%. The ex-dividend date of this dividend is Wednesday, March 26th.
Imperial Petroleum has raised its dividend payment by an average of 155.4% annually over the last three years.
Imperial Petroleum Price Performance
Shares of IMPPP traded down $0.37 during trading hours on Wednesday, hitting $24.63. The company’s stock had a trading volume of 543 shares, compared to its average volume of 2,507. The business has a 50 day simple moving average of $24.94 and a two-hundred day simple moving average of $25.10. Imperial Petroleum has a 52-week low of $22.89 and a 52-week high of $29.81.
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.
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