Cyclacel Pharmaceuticals Convertible Exchangeable Preferred Stock About To Put More Money In Your Pocket

On 4/15/15, Cyclacel Pharmaceuticals, Inc's 6% Convertible Exchangeable Preferred Stock (CYCCP) will trade ex-dividend, for its quarterly dividend of $0.15, payable on 5/1/15. As a percentage of CYCCP's recent share price of $6.68, this dividend works out to approximately 2.25%, so look for shares of CYCCP to trade 2.25% lower all else being equal when CYCCP shares open for trading on 4/15/15..