Peregrine Pharmaceuticals Series E Convertible Preferred Stock Ex-Dividend Reminder
On 6/15/17, Peregrine Pharmaceuticals Inc's 10.50% Series E Convertible Preferred Stock (Symbol: PPHMP) will trade ex-dividend, for its quarterly dividend of $0.6562, payable on 7/3/17. As a percentage of PPHMP's recent share price of $22.00, this dividend works out to approximately 2.98%, so look for shares of PPHMP to trade 2.98% lower - all else being equal - when PPHMP shares open for trading on 6/15/17. On an annualized basis, the current yield is approximately 11.82%, which compares to an average yield of 11.07% in the "Biotechnology" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PPHMP shares, versus PPHM:
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:
In Tuesday trading, Peregrine Pharmaceuticals Inc's 10.50% Series E Convertible Preferred Stock (Symbol: PPHMP) is currently off about 0.9% on the day, while the common shares (Symbol: PPHM) are up about 0.4%.