DividendJun 10, 2026, 09:21 AM
Imperial Petroleum Declares $0.546875 Dividend on Series A Preferred Stock
AI Summary
Imperial Petroleum Inc. announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend is payable on June 30, 2026, to holders of record as of June 25, 2026, covering the period from March 30, 2026, through June 29, 2026. The company, which provides petroleum products, crude oil, and drybulk seaborne transportation services, currently operates twenty-one vessels and has plans to expand its fleet to 26 vessels.
Key Highlights
- Imperial Petroleum declared a dividend of $0.546875 per share on its 8.75% Series A Preferred Stock.
- The dividend is payable on June 30, 2026, to shareholders of record as of June 25, 2026.
- The payment covers the period from March 30, 2026, through June 29, 2026.
- There are 795,878 Series A Preferred Shares outstanding.
- The company currently owns twenty-one vessels with a total capacity of approximately 1,324,000 deadweight tons (dwt).
- Imperial Petroleum has contracted to acquire an additional four handysize drybulk carriers and one product tanker.
- Following deliveries, the fleet will total 26 vessels with an aggregate capacity of about 1.5 million dwt.
Price Impact
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