Imperial Petroleum's Series A Preferred Shares Cross 8.5% Yield Mark

In trading on Wednesday, shares of Imperial Petroleum Inc's 8.75% Series A Preferred Shares (IMPPP) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $25.12 on the day. This compares to an average yield of 7.89% in the "Shipping" preferred stock category, according to Preferred Stock Channel..