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Slideshow The 10 Highest Yielding Preferred Stocks

By Preferred Stock Channel Staff, updated Tuesday, March 31, 5:56 PM

#10. Peregrine Pharmaceuticals Inc. | 10.50% Series E Convertible Preferred Stock (NASDAQ:PPHMP) | 11.77% CURRENT YIELD

Discount to Liquidation Preference: -10.80%
Current Annualized Yield: 11.77%
Days Since Last Ex-Div Date: 12 | See Dividend History »
Categorization: Biotechnology

Call Date:2/11/2017
Conversion Price:$3
Shares Offered:700,000
Liquidation Preference:$25
Recent Market Price:$22.27
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-2.73 (-10.92%)
Annualized Dividend:2.625
Recent Ex-Date:3/18/2015
Current Yield:11.79%
Original Coupon:10.500%
Pay Period:Quarterly
Pay Dates:1-Jan, 1-Apr, 1-Jul, 1-Oct
Peregrine Pharmaceuticals is a biopharmaceutical company with a pipeline of drug candidates in clinical trials focused on the treatment and diagnosis of cancer based on phosphatidylserine-targeting technology platform. Co.'s key immunotherapy candidate, bavituximab, is in development for the treatment of second-line non-small cell lung cancer along with several investigator-sponsored trials evaluating other treatment combinations and additional oncology indications. In addition, Co. is evaluating its molecular imaging agent, 124I-PGN650, in an exploratory clinical trial for the imaging of multiple solid tumor types.

Preferred: PPHMP

Open the PPHM Information Page »
Name:  Peregrine Pharmaceuticals Inc.
Sector:  Biotechnology
Number of ETFs Holding PPHM:  14 (see which ones)
Total Market Value Held by ETFs:  $6,699,210
Total Market Capitalization:  $261,000,000
% of Market Cap. Held by ETFs:  2.57%

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