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On 1/19/16, Cyclacel Pharmaceuticals, Inc's 6% Convertible Exchangeable Preferred Stock (Symbol: CYCCP) will trade ex-dividend, for its quarterly dividend of $0.15, payable on 2/1/16. As a percentage of CYCCP's recent share price of $3.70, this dividend works out to approximately 4.05%, so look for shares of CYCCP to trade 4.05% lower - all else being equal - when CYCCP shares open for trading on 1/19/16. On an annualized basis, the current yield is approximately 15.35%, which compares to an average yield of 10.46% in the "Drugs & Pharmaceuticals" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of CYCCP shares, versus CYCC:
Below is a dividend history chart for CYCCP, showing historical dividends prior to the most recent $0.15 on Cyclacel Pharmaceuticals, Inc's 6% Convertible Exchangeable Preferred Stock:
In Friday trading, Cyclacel Pharmaceuticals, Inc's 6% Convertible Exchangeable Preferred Stock (Symbol: CYCCP) is currently off about 5.4% on the day, while the common shares (Symbol: CYCC) are off about 5.1%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
