Cyclacel Pharmaceuticals' 6% Preferred Stock Shares Cross 7% Yield Mark
January 06, 2021 at 15:04 PM EST
In trading on Wednesday, shares of Cyclacel Pharmaceuticals Inc's 6% Convertible Exchangeable Preferred Stock (CYCCP) were yielding above the 7% mark based on its quarterly dividend (annualized to $0.60), with shares changing hands as low as $8.40 on the day. This compares to an average yield of 9.37% in the "Drugs & Pharmaceuticals" preferred stock category, according to Preferred Stock Channel..