Imperial Petroleum (NASDAQ:IMPPP) Trading Down 0.9% – Here’s Why

Imperial Petroleum Inc. (NASDAQ:IMPPPGet Free Report) was down 0.9% on Friday . The stock traded as low as $25.76 and last traded at $25.8350. Approximately 793 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 2,150 shares. The stock had previously closed at $26.07.

Imperial Petroleum Stock Down 0.9%

The firm has a fifty day simple moving average of $25.52 and a two-hundred day simple moving average of $25.29.

Imperial Petroleum Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.5469 per share. The ex-dividend date was Thursday, September 25th. This represents a $2.19 dividend on an annualized basis and a yield of 8.5%.

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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