On 4/17/13, Cyclacel Pharmaceuticals, Inc's 6% Convertible Exchangeable Preferred Stock (CYCCP) will trade ex-dividend, for its quarterly dividend of $0.15, payable on 5/1/13. As a percentage of CYCCP's recent share price of $8.70, this dividend works out to approximately 1.72%, so look for shares of CYCCP to trade 1.72% lower — all else being equal — when CYCCP shares open for trading on 4/17/13. On an annualized basis, the current yield is approximately 6.90%.
Reminder: Cyclacel Pharmaceuticals' 6% Preferred Stock Goes Ex-Dividend Soon
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