Cyclacel Pharmaceuticals' Preferred Stock Shares Cross 10.5% Yield Mark
July 08, 2020 at 14:31 PM EDT
In trading on Wednesday, shares of Cyclacel Pharmaceuticals Inc's 6% Convertible Exchangeable Preferred Stock (CYCCP) were yielding above the 10.5% mark based on its quarterly dividend (annualized to $0.60), with shares changing hands as low as $5.07 on the day. This compares to an average yield of 11.63% in the "Drugs & Pharmaceuticals" preferred stock category, according to Preferred Stock Channel..
