January 18, 2013 at 15:06 PM EST
Cyclacel Pharmaceuticals, Inc's 6% Convertible Exchangeable Preferred Stock Shares Cross 7% Yield Mark
In trading on Friday, 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 $8.27 on the day. As of last close, CYCCP was trading at a 1.90% discount to its liquidation preference amount.
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