Fortress Biotech's Series A Preferred Stock Crosses Above 9% Yield Territory
July 12, 2021 at 14:10 PM EDT
In trading on Monday, shares of Fortress Biotech Inc's 9.375% Series A Cumulative Redeemable Perpetual Preferred Stock (FBIOP) were yielding above the 9% mark based on its monthly dividend (annualized to $2.3438), with shares changing hands as low as $26.00 on the day. This compares to an average yield of 8.52% in the "Drugs & Pharmaceuticals" preferred stock category, according to Preferred Stock Channel..
