Imperial Petroleum Inc. Declares Dividend on Series A Preferred Shares

Core Viewpoint - Imperial Petroleum Inc. announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on March 31, 2025, to holders of record as of March 26, 2025, covering the period from December 30, 2024, to March 29, 2025 [1] Company Overview - Imperial Petroleum Inc. is a ship-owning company that provides petroleum products, crude oil, and drybulk seaborne transportation services [3] - The company owns a total of twelve vessels, including seven M.R. product tankers, two suezmax tankers, and three handysize drybulk carriers, with a total capacity of 751,000 deadweight tons (dwt) [3] - Imperial Petroleum has contracted to acquire an additional seven drybulk carriers with an aggregate capacity of 443,000 dwt, which will increase its fleet to a total of 19 vessels [3] - The company's common stock and Series A Preferred Shares are listed on the Nasdaq Capital Market under the symbols "IMPP" and "IMPPP," respectively [3][2] Dividend Information - The dividend payment of$ 0.546875 per share is related to the period from the last dividend payment date on December 30, 2024, through March 29, 2025 [1] - As of the date of the announcement, there are 795,878 Series A Preferred Shares outstanding [2]