Avid bioservices declares quarterly dividend on its series e convertible preferred stock, payable on january 2, 2020

Avid bioservices, inc. announced that its board of directors has declared a quarterly cash dividend payment on the company's 10.50% series e convertible preferred stock. the quarterly dividend on the series e preferred stock is payable on january 2, 2020 to holders of record at the close of business on december 16, 2019. the quarterly dividend payment on the series e preferred stock will be $0.65625 per share, which is equivalent to an annualized 10.50% per share, based on the $25.00 per share stated liquidation preference, accruing from october 1, 2019 through december 31, 2019.
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