Air Freight News

Imperial Petroleum, Inc. declares dividend on series preferred shares

Sep 15, 2023

IMPERIAL PETROLEUM INC., a ship-owning company providing petroleum products, crude oil, and dry bulk seaborne transportation services, today announced a dividend of approximately $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Shares”), payable on October 2, 2023, to holders of record as of September 27, 2023. The dividend payment relates to the period from the last dividend payment date for the Series A Preferred Shares on June 30, 2023, through September 29, 2023.

There are 795,878 Series A Preferred Shares outstanding as of the date hereof. The Series A Preferred Shares trade on the Nasdaq Capital Market under the ticker symbol “IMPPP.”

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