Cryo-Cell International, Inc. to Issue Quarterly Dividend of $0.25 (NYSEAMERICAN:CCEL)

Cryo-Cell International, Inc. (NYSEAMERICAN:CCEL) announced a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.25 per share on Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 12.85%. The ex-dividend date is Friday, February 14th.

Cryo-Cell International has a payout ratio of 370.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Cryo-Cell International Stock Up 2.2 %

Shares of CCEL traded up $0.17 during mid-day trading on Thursday, reaching $7.79. 4,927 shares of the stock traded hands, compared to its average volume of 10,340. The firm has a market capitalization of $62.75 million, a P/E ratio of -7.34 and a beta of 0.53. Cryo-Cell International has a 12-month low of $4.47 and a 12-month high of $9.50.

About Cryo-Cell International

Cryo-Cell International, Inc engages in the cellular processing and cryogenic cellular storage with a focus on the collection and preservation of umbilical cord blood stem cells for family use. It provides cord tissue service that stores a section of the umbilical cord tissue, a source of mesenchymal stem cells that are used in regenerative medicine to treat a range of conditions, including heart, and kidney disease, ALS, wound healing, auto-immune diseases, multiple sclerosis, Alzheimer's disease, Parkinson's diseases.