Equity Commonwealth's Series D Preferred Shares Cross 6.5% Yield Mark

By Preferred Stock Channel Staff, Monday, April 15, 2:46 PM ET

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In trading on Monday, shares of Equity Commonwealth's 6 1/2% Series D Cumulative Convertible Preferred Shares (NYSE:EQC.PRD) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.95 on the day. This compares to an average yield of 8.77% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, EQC.PRD was trading at a 0.44% premium to its liquidation preference amount, versus the average discount of 38.75% in the "REITs" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 1.9231.

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

Performance Comparison Chart

Below is a dividend history chart for EQC.PRD, showing historical dividend payments on Equity Commonwealth's 6 1/2% Series D Cumulative Convertible Preferred Shares:

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In Monday trading, Equity Commonwealth's 6 1/2% Series D Cumulative Convertible Preferred Shares (NYSE:EQC.PRD) is currently off about 0.6% on the day, while the common shares (NYSE:EQC) are up about 0.1%.

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Equity Commonwealth's Series D Preferred Shares Cross 6.5% Yield Mark

Equity Commonwealth's Series D Preferred Shares Cross 6.5% Yield Mark | www.PreferredStockChannel.com