Peregrine Pharmaceuticals 10.50% Series E Convertible Preferred Stock About To Put More Money In Your Pocket

On 9/15/17, Peregrine Pharmaceuticals Inc's 10.50% Series E Convertible Preferred Stock (PPHMP) will trade ex-dividend, for its quarterly dividend of $0.6562, payable on 10/2/17. As a percentage of PPHMP's recent share price of $22.00, this dividend works out to approximately 2.98%, so look for shares of PPHMP to trade 2.98% lower all else being equal when PPHMP shares open for trading on 9/15/17..