Eagle Point Credit's Series D Preferred Stock Shares Cross 8.5% Yield Mark

By Preferred Stock Channel Staff, Thursday, April 11, 2:13 PM ET

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In trading on Thursday, shares of Eagle Point Credit Company Inc's 6.75% Series D Cumulative Preferred Stock (NYSE:ECC.PRD) were yielding above the 8.5% mark based on its monthly dividend (annualized to $1.6875), with shares changing hands as low as $19.80 on the day. This compares to an average yield of 6.75% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ECC.PRD was trading at a 20.32% discount to its liquidation preference amount, versus the average discount of 10.34% in the "Financial" category.

The chart below shows the one year performance of ECC.PRD shares, versus ECC:

Performance Comparison Chart

Below is a dividend history chart for ECC.PRD, showing historical dividend payments on Eagle Point Credit Company Inc's 6.75% Series D Cumulative Preferred Stock:

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In Thursday trading, Eagle Point Credit Company Inc's 6.75% Series D Cumulative Preferred Stock (NYSE:ECC.PRD) is currently down about 0.3% on the day, while the common shares (NYSE:ECC) are down about 0.2%.

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Eagle Point Credit's Series D Preferred Stock Shares Cross 8.5% Yield Mark

Eagle Point Credit's Series D Preferred Stock Shares Cross 8.5% Yield Mark | www.PreferredStockChannel.com