Imperial Petroleum (NASDAQ:IMPPP) Stock Price Up 0.3% – What’s Next?

Imperial Petroleum Inc. (NASDAQ:IMPPP)’s share price traded up 0.3% on Friday . The stock traded as high as $25.80 and last traded at $25.77. 2,133 shares traded hands during mid-day trading, an increase of 92% from the average session volume of 1,112 shares. The stock had previously closed at $25.69.

Imperial Petroleum Trading Up 0.3%

The stock’s 50-day simple moving average is $25.84 and its 200-day simple moving average is $25.64.

Imperial Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date was Wednesday, December 24th.

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. 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.