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Peregrine Pharmaceuticals Series E Convertible Preferred Stock Ex-Dividend Reminder

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Shutterstock photo

Shutterstock photo

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:

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 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%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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