Imperial Petroleum Inc. (NASDAQ:IMPPP – Get Free Report)’s stock price dropped 3.1% during mid-day trading on Wednesday . The company traded as low as $23.78 and last traded at $24.65. Approximately 14,907 shares traded hands during trading, an increase of 517% from the average daily volume of 2,417 shares. The stock had previously closed at $25.45.
Imperial Petroleum Stock Down 3.1%
The company has a fifty day simple moving average of $24.47 and a 200 day simple moving average of $24.72.
Imperial Petroleum Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 25th will be given a $0.5469 dividend. This represents a $2.19 annualized dividend and a dividend yield of 8.87%. The ex-dividend date is Wednesday, June 25th.
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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