Imperial Petroleum Inc. Declares Dividend on Series A Preferred Shares

Rhea-AI Summary

Imperial Petroleum (Nasdaq: IMPP) declared a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable March 30, 2026 to holders of record as of March 25, 2026.

The dividend covers the period December 30, 2025 through March 29, 2026. There are 795,878 Series A preferred shares outstanding. The Series A preferred trade on the Nasdaq Capital Market under the ticker IMPPP.

Positive

• Declared dividend of $0.546875 per Series A preferred share
• Dividend payable on March 30, 2026 to holders of record March 25, 2026

Negative

• Estimated cash payout of approximately $435,250 to Series A preferred holders, representing an immediate cash outflow

News Market Reaction – IMPP

+6.62%

7 alerts

+6.62% News Effect

-14.5% Trough in 5 hr 27 min

+$13M Valuation Impact

$203M Market Cap

0.5x Rel. Volume

On the day this news was published, IMPP gained 6.62%, reflecting a notable positive market reaction. Argus tracked a trough of -14.5% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $13M to the company's valuation, bringing the market cap to $203M at that time.

Data tracked by StockTitan Argus on the day of publication.

ATHENS, Greece, March 09, 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 March 30, 2026 to holders of record as of March 25, 2026. The dividend payment relates to the period from the last dividend payment date for the Series A Preferred Shares on December 30, 2025 through March 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 vessels on the water - seven M.R. product tankers, two suezmax tankers, three handysize drybulk carriers, five supramax drybulk carriers, two kamsarmax drybulk vessels and a post panamax drybulk carrier - with a total capacity of approximately 1,291,000 deadweight tons (dwt) and has contracted to acquire an additional five handysize drybulk carriers and a product tanker of 223,400 dwt aggregate capacity. Following these deliveries, the Company’s fleet will count a total of 26 vessels with an aggregate capacity of about 1.5 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

What dividend did Imperial Petroleum (IMPP) declare for its Series A preferred on March 9, 2026?

Imperial Petroleum declared a dividend of $0.546875 per Series A preferred share. According to the company, the dividend covers December 30, 2025 through March 29, 2026 and is payable March 30, 2026 to record holders on March 25, 2026.

When will Imperial Petroleum (IMPP) pay the Series A preferred dividend and who is eligible?

The Series A preferred dividend is payable on March 30, 2026. According to the company, shareholders of record as of March 25, 2026 will be eligible to receive the payment.

How many Series A preferred shares of Imperial Petroleum (IMPP) are outstanding as of March 9, 2026?

There are 795,878 Series A preferred shares outstanding. According to the company, that outstanding count determines the aggregate dividend obligation for the March 30, 2026 payment.

How much cash will Imperial Petroleum (IMPP) approximately pay for the March 30, 2026 Series A dividend?

The approximate total payout equals $0.546875 times 795,878 outstanding shares, about $435,250. According to the company, this reflects the cash required to cover the declared dividend for the period specified.

What ticker do Imperial Petroleum Series A preferred shares trade under and where?

Imperial Petroleum Series A preferred shares trade on the Nasdaq Capital Market under the ticker IMPPP. According to the company, investors can find the Series A preferred quoted under that ticker on Nasdaq.