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Slideshow The 10 Highest Yielding Preferred Stocks

By Preferred Stock Channel Staff, updated Tue, March 19, 3:32 AM

#10. Fortress Biotech Inc | 9.375% Series A Cumulative Redeemable Perpetual Preferred Stock (NASDAQ:FBIOP) | 14.25% CURRENT YIELD

Discount to Liquidation Preference: -34.20%Average Premium in Category: 12.59%
Current Annualized Yield: 14.25%Average Yield in Category: 8.61%
Days Since Last Ex-Div Date: 1 | See Dividend History »Categorization: Drugs & Pharmaceuticals

Series:A
Redeemable?:Yes
Call Date:12/15/2022 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:1,000,000
Overallotment:150,000
Liquidation Preference:$25.00
Recent Market Price:$16.36
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-8.64 (-34.56%)
Annualized Dividend:2.343756
Recent Ex-Date:3/14/2024
Current Yield:14.33%
Original Coupon:9.38%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn FBIOP's Rating
Fortress Biotech is a biopharmaceutical company focused on acquiring, developing and commercializing pharmaceutical and biotechnology products and product candidates. Through its partner company, Co. markets dermatology products including Qbrexza®, which is a medicated cloth towelette for the treatment of primary axillary hyperhidrosis; Accutane® (isotretinoin) capsule, which is an oral capsule for the treatment of severe recalcitrant nodular acne; Ximino® (minocycline hydrochloride), which is an oral minocycline drug for the treatment of moderate to severe acne; as well as Targadox® (doxycycline hyclate), which is an oral doxycycline drug for adjunctive therapy for severe acne.

Preferred: FBIOP


Open the FBIO Information Page »
Name: 
Fortress Biotech Inc
Website: 
www.fortressbiotech.com
Sector: 
Drugs & Pharmaceuticals
Number of ETFs Holding FBIO: 
2 (see which ones)
Total Market Value Held by ETFs: 
$676,972
Total Market Capitalization: 
$6,000,000
% of Market Cap. Held by ETFs: 
11.28%

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