Cyclacel Pharmaceuticals' Preferred Stock Crosses Above 6.5% Yield Territory

In trading on Monday, 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 $9.22 on the day. This compares to an average yield of 8.75% in the "Drugs & Pharmaceuticals" preferred stock category, according to Preferred Stock Channel..
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