Avid Bioservices' Series E Preferred Stock Crosses Above 10% Yield Territory
September 08, 2020 at 14:36 PM EDT
In trading on Tuesday, shares of Avid Bioservices Inc's 10.50% Series E Convertible Preferred Stock (CDMOP) were yielding above the 10% mark based on its quarterly dividend (annualized to $2.625), with shares changing hands as low as $26.04 on the day. This compares to an average yield of 11.19% in the "Drugs & Pharmaceuticals" preferred stock category, according to Preferred Stock Channel..