Peregrine Pharmaceuticals Series E Convertible Preferred Stock Ex-Dividend Reminder

On 6/17/15, Peregrine Pharmaceuticals Inc.'s 10.50% Series E Convertible Preferred Stock (PPHMP) will trade ex-dividend, for its quarterly dividend of $0.6562, payable on 7/1/15. As a percentage of PPHMP's recent share price of $24.09, this dividend works out to approximately 2.72%, so look for shares of PPHMP to trade 2.72% lower — all else being equal — when PPHMP shares open for trading on 6/17/15. On an annualized basis, the current yield is approximately 10.91%.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

As of last close, PPHMP was trading at a 3.76% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible. The chart below shows the one year performance of PPHMP shares, versus PPHM:

Performance Comparison Chart

Below is a dividend history chart for PPHMP, showing historical dividends prior to the most recent $0.6562 on Peregrine Pharmaceuticals Inc.'s 10.50% Series E Convertible Preferred Stock:

PPHMP+Dividend+History+Chart

In Monday trading, Peregrine Pharmaceuticals Inc.'s 10.50% Series E Convertible Preferred Stock ( PPHMP) is currently up about 0.1% on the day, while the common shares ( PPHM) are down about 1.1%.

More from Stocks

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Google's YouTube in Hot Water Again Over Ads on Inappropriate Content

Google's YouTube in Hot Water Again Over Ads on Inappropriate Content