Imperial Petroleum's Series A Preferred Shares Crosses Above 9% Yield Territory
June 26, 2024 at 15:03 PM EDT
In trading on Wednesday, shares of Imperial Petroleum Inc's 8.75% Series A Preferred Shares (IMPPP) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $23.80 on the day. This compares to an average yield of 7.62% in the "Shipping" preferred stock category, according to Preferred Stock Channel..
