Cyclacel Pharmaceuticals' Preferred Stock Crosses Above 15.5% Yield Territory
January 15, 2016 at 14:31 PM EST
In trading on Friday, shares of Cyclacel Pharmaceuticals, Inc's 6% Convertible Exchangeable Preferred Stock (CYCCP) were yielding above the 15.5% mark based on its quarterly dividend (annualized to $0.60), with shares changing hands as low as $3.70 on the day. This compares to an average yield of 10.46% in the "Drugs & Pharmaceuticals" preferred stock category, according to Preferred Stock Channel..
