Imperial Petroleum (NASDAQ:IMPPP) Stock Price Down 0.6%

Imperial Petroleum Inc. (NASDAQ:IMPPPGet Free Report) shares fell 0.6% during mid-day trading on Tuesday . The company traded as low as $19.37 and last traded at $19.39. 2,706 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 2,915 shares. The stock had previously closed at $19.50.

Imperial Petroleum Price Performance

The stock has a 50-day simple moving average of $19.54 and a 200-day simple moving average of $19.70.

Imperial Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 27th were given a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 11.28%. This is a positive change from Imperial Petroleum’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, September 26th.

About Imperial Petroleum

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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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