Fortress Biotech Cumulative Redeemable Perpetual Preferred Shares Series A Crosses 11.5% Return Threshold

0

In Monday’s trading, Fortress Biotech Inc’s 9.375% Cumulative Redeemable Perpetual Preferred Share Series A (ticker: FBIOP) was selling above the 11.5% mark based on its monthly dividend (annualized at $2.3438), with shares changing hands as low as $20.00. day. That compares to an average return of 10.09% in the “Drugs and Pharmaceuticals” preferred stock category, according to Preferred Stock Channel. As of last close, FBIOP was trading at a 14.80% discount to its Preferred Liquidation Amount, compared to an average discount of 24.75% in the Drugs & Pharmaceuticals category.

The graph below shows the one-year performance of FBIOP shares, compared to FBIO:


Below is a historical dividend chart for FBIOP, showing historical dividend payments on the 9.375% Cumulative Redeemable Perpetual Preferred Shares Series A of Fortress Biotech Inc:

FBIOP+Dividend+Historical+Chart


On Monday, Fortress Biotech Inc’s 9.375% Redeemable Perpetual Preferred Shares Series A (ticker: FBIOP) is currently down about 4.7% on the day, while common stock (ticker: FBIO) is down around 4.4%.

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

Share.

Comments are closed.