Fortress Biotech's Series A Preferred Stock Shares Cross 11.5% Yield Mark
September 10, 2019 at 16:14 PM EDT
In trading on Tuesday, shares of Fortress Biotech Inc's 9.375% Series A Cumulative Redeemable Perpetual Preferred Stock (FBIOP) were yielding above the 11.5% mark based on its quarterly dividend (annualized to $2.3438), with shares changing hands as low as $20.31 on the day. This compares to an average yield of 10.22% in the "Biotechnology" preferred stock category, according to Preferred Stock Channel..
