Imperial Petroleum's Series A Preferred Shares Crosses Above 9.5% Yield Territory
March 18, 2024 at 14:25 PM EDT
In trading on Monday, shares of Imperial Petroleum Inc's 8.75% Series A Preferred Shares (IMPPP) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $22.89 on the day. This compares to an average yield of 6.10% in the "Shipping" preferred stock category, according to Preferred Stock Channel..
