Avid Bioservices' Series E Preferred Stock Shares Cross 9% Yield Mark

In trading on Tuesday, shares of Avid Bioservices Inc's 10.50% Series E Convertible Preferred Stock (CDMOP) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.625), with shares changing hands as low as $25.09 on the day. This compares to an average yield of 9.28% in the "Drugs & Pharmaceuticals" preferred stock category, according to Preferred Stock Channel..
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