Imperial Petroleum Inc. Plans Quarterly Dividend of $0.55 (NASDAQ:IMPPP)

Imperial Petroleum Inc. (NASDAQ:IMPPP) announced a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Investors of record on Wednesday, March 26th will be paid a dividend of 0.5469 per share on Monday, March 31st. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.88%. The ex-dividend date of this dividend is Wednesday, March 26th.

Imperial Petroleum has increased its dividend payment by an average of 155.4% annually over the last three years.

Imperial Petroleum Stock Down 1.5 %

IMPPP stock traded down $0.37 during midday trading 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 stock’s 50-day moving average price is $24.94 and its 200 day moving average price is $25.10. Imperial Petroleum has a 1 year low of $22.89 and a 1 year 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.