Fortress Biotech's Series A Preferred Stock Shares Cross 9% Yield Mark

In trading on Wednesday, shares of Fortress Biotech Inc's 9.375% Series A Cumulative Redeemable Perpetual Preferred Stock (FBIOP) were yielding above the 9% mark based on its monthly dividend (annualized to $2.3438), with shares changing hands as low as $25.96 on the day. This compares to an average yield of 8.50% in the "Drugs & Pharmaceuticals" preferred stock category, according to Preferred Stock Channel..