Imperial Petroleum (NASDAQ:IMPPP) Stock Price Up 0.3% – Time to Buy?

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

Imperial Petroleum Price Performance

The firm has a 50-day moving average price of $25.84 and a 200 day moving average price of $25.64.

Imperial Petroleum Announces Dividend

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

About Imperial Petroleum

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.