Cyclacel Pharmaceuticals, Inc's 6% Convertible Exchangeable Preferred Stock Shares Cross 6.5% Yield Mark
April 30, 2014 at 14:57 PM EDT
In trading on Wednesday, shares of Cyclacel Pharmaceuticals, Inc's 6% Convertible Exchangeable Preferred Stock (CYCCP) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $0.60), with shares changing hands as low as $8.59 on the day. As of last close, CYCCP was trading at a 4.90% discount to its liquidation preference amount..