Fortress Biotech: Is It Time To Pay The Deferred Preferred Stock Dividends?
Fortress Biotech is considering whether to pay deferred preferred stock dividends. The company currently has a strong financial position with $256 million in cash and only $39 million in debt. This situation raises questions about the timing and necessity of dividend payments.
- ▪Fortress Biotech holds $256 million in cash and has $39 million in debt.
- ▪The company's balance sheet is described as a 'fortress'.
- ▪The decision on paying deferred preferred stock dividends is under consideration.
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