Imperial Petroleum announces dividend and receives stock upgrade

Imperial Petroleum Inc. has announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The payment is scheduled for September 30, 2026, for holders of record as of September 25, 2026. The dividend covers the period from June 30, 2026, through September 29, 2026.

In related market activity, Wall Street Zen has upgraded Imperial Petroleum from a “buy” to a “strong-buy” rating. The company, which provides petroleum products, crude oil, and drybulk seaborne transportation services, recently reported quarterly earnings of $0.76 per share, exceeding consensus estimates. The company currently operates a fleet of 21 vessels and plans to expand to 25 vessels following upcoming deliveries.