Avid Bioservices' Series E Preferred Stock Shares Cross 9.5% Yield Mark
December 07, 2020 at 14:13 PM EST
In trading on Monday, shares of Avid Bioservices Inc's 10.50% Series E Convertible Preferred Stock (CDMOP) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.625), with shares changing hands as low as $27.50 on the day. This compares to an average yield of 10.62% in the "Drugs & Pharmaceuticals" preferred stock category, according to Preferred Stock Channel..