Imperial Petroleum Inc. (NASDAQ:IMPPP – Get Free Report) announced a quarterly dividend on Tuesday, March 11th, Wall Street Journal reports. Stockholders 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 raised its dividend by an average of 155.4% annually over the last three years.
Imperial Petroleum Price Performance
IMPPP traded down $0.37 during mid-day trading on Wednesday, hitting $24.63. 545 shares of the stock were exchanged, compared to its average volume of 2,507. The firm’s fifty day moving average is $24.94 and its two-hundred day moving average 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.
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