Imperial Petroleum Inc. operates globally, offering maritime shipping solutions to a diverse clientele, including petroleum producers, refiners, and commodity traders. The company's vessels transport various goods such as refined petroleum products (e.g., gasoline, diesel, jet fuel, and fuel oil), as well as crude oils, chemicals, and edible oils. As of March 29, 2022, its fleet consisted of five ships: four medium-range tankers specializing in refined petroleum products and one Aframax tanker for crude oil, collectively possessing a carrying capacity of 305,804 deadweight tons. This company, founded in 2021, is headquartered in Athens, Greece.
Imperial Petroleum Inc. Declares Dividend on Series A Preferred Shares
Imperial Petroleum Inc. declared a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable September 30, 2026 to holders of record as of September 25, 2026.
The payment covers the period from the last dividend date of June 30, 2026 through September 29, 2026; there are 795,878 Series A Preferred Shares outstanding, trading on Nasdaq under the symbol IMPPP.
This is a routine, formula-driven preferred dividend with no bearing on common-share economics or fleet operations, where the company operates 21 vessels today and expects 25 vessels with roughly 1.3 million dwt after contracted deliveries.