Capital One Financial's Preferred Stock Series K Yield Pushes Past 6.5%

In trading on Wednesday, shares of Capital One Financial Corp's 4.625% Dep Shares Non-Cumul Perp Pfd Stock Series K (Symbol: COF.PRK) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.1562), with shares changing hands as low as $17.72 on the day. This compares to an average yield of 6.77% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, COF.PRK was trading at a 27.92% discount to its liquidation preference amount, versus the average discount of 10.42% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of COF.PRK shares, versus COF:

Below is a dividend history chart for COF.PRK, showing historical dividend payments on Capital One Financial Corp's 4.625% Dep Shares Non-Cumul Perp Pfd Stock Series K:

In Wednesday trading, Capital One Financial Corp's 4.625% Dep Shares Non-Cumul Perp Pfd Stock Series K (Symbol: COF.PRK) is currently off about 1.5% on the day, while the common shares (Symbol: COF) are off about 0.5%.

Also see:

• Earnings History
• ADP YTD Return
• SCSC Insider Buying

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