Shares of BioPharma Credit PLC (OTCMKTS:BOPCF – Get Free Report) were down 4.6% during mid-day trading on Thursday . The stock traded as low as $0.85 and last traded at $0.85. Approximately 150,000 shares changed hands during trading, an increase of 49% from the average daily volume of 100,367 shares. The stock had previously closed at $0.89.
BioPharma Credit Trading Down 4.6%
The business has a fifty day moving average price of $0.83 and a two-hundred day moving average price of $0.83.
BioPharma Credit Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Friday, April 4th were issued a dividend of $0.0175 per share. The ex-dividend date was Friday, April 4th. This is a boost from BioPharma Credit’s previous quarterly dividend of $0.01. This represents a $0.07 dividend on an annualized basis and a dividend yield of 8.24%.
About BioPharma Credit
BioPharma Credit PLC, an investment trust, primarily invests in interest-bearing debt assets. Its debt assets are secured by royalties or other cash flows derived from the sales of approved life sciences products. BioPharma Credit PLC was incorporated in 2016 and is based in London, the United Kingdom.
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