Imperial Petroleum Inc. Declares Dividend on Series A Preferred Shares

Imperial Petroleum will pay a declared cash dividend on its Nasdaq-listed Series A preferred shares while continuing to grow its fleet capacity.

Rhea-AI Summary

Imperial Petroleum (IMPP) declared a cash dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on September 30, 2026 to holders of record as of September 25, 2026. The dividend covers the period from June 30, 2026 through September 29, 2026 and applies to 795,878 Series A Preferred Shares currently outstanding, which trade on Nasdaq under the symbol IMPPP.

The company operates a fleet of 21 vessels totaling about 1,197,000 dwt, including product tankers and various drybulk carriers, and has contracted to acquire an additional three handysize drybulk carriers and one product tanker with an aggregate capacity of 157,400 dwt. After these deliveries, the fleet is expected to reach 25 vessels with an aggregate capacity of about 1.3 million dwt.

Positive

• Series A preferred dividend of $0.546875 per share payable September 30, 2026
• 795,878 Series A Preferred Shares outstanding eligible for the declared dividend
• Fleet contracted to grow from 21 to 25 vessels after scheduled deliveries
• Additional vessels add 157,400 dwt, lifting total capacity to about 1.3 million dwt

Negative

• None.

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ATHENS, Greece, Sept. 12, 2026 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”),  a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, today announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Shares”), payable on September 30, 2026 to holders of record as of September 25, 2026. The dividend payment relates to the period from the last dividend payment date for the Series A Preferred Shares on June 30, 2026 through September 29, 2026.

There are 795,878 Series A Preferred Shares outstanding as of the date hereof. The Series A Preferred Shares trade on the Nasdaq Capital Market under the ticker symbol “IMPPP”.

ABOUT IMPERIAL PETROLEUM INC.

IMPERIAL PETROLEUM INC. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services. The Company owns a total of twenty-one vessels on the water - seven M.R. product tankers, one suezmax tanker, four handysize drybulk carriers, five supramax drybulk carriers, two kamsarmax drybulk vessels and a post panamax drybulk carrier - with a total capacity of approximately 1,197,000 deadweight tons (dwt) and has contracted to acquire an additional three handysize drybulk carriers and a product tanker of 157,400 dwt aggregate capacity. Following these deliveries, the Company’s fleet will count a total of 25 vessels with an aggregate capacity of about 1.3 million dwt. IMPERIAL PETROLEUM INC.’s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols “IMPP” and “IMPPP,” respectively.

Forward-Looking Statements

Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although IMPERIAL PETROLEUM INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, IMPERIAL PETROLEUM INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Risks and uncertainties are further described in reports filed by IMPERIAL PETROLEUM INC. with the U.S. Securities and Exchange Commission.

Company Contact:

Fenia Sakellaris

IMPERIAL PETROLEUM INC.

E-mail: info@imperialpetro.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When is the record date and payment date for the Series A preferred dividend?

The dividend on the 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock is payable on September 30, 2026 to shareholders of record as of September 25, 2026. The dividend covers the period from June 30, 2026 through September 29, 2026.

How many Series A Preferred Shares are outstanding and what is their trading symbol?

There are 795,878 Series A Preferred Shares outstanding as of the announcement date. These preferred shares trade on the Nasdaq Capital Market under the ticker symbol "IMPPP".

What is Imperial Petroleum's current and projected fleet composition?

The company currently owns 21 vessels totaling about 1,197,000 dwt, comprising seven M.R. product tankers, one suezmax tanker, four handysize drybulk carriers, five supramax drybulk carriers, two kamsarmax drybulk vessels and one post panamax drybulk carrier. It has contracted to acquire an additional three handysize drybulk carriers and one product tanker of 157,400 dwt aggregate capacity, after which the fleet is expected to total 25 vessels with about 1.3 million dwt of capacity.