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Capital One Financial's Preferred Stock, Series D Shares Cross 6.5% Yield Mark


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In trading on Thursday, shares of Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: COF.PRD) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.675), with shares changing hands as low as $25.52 on the day. This compares to an average yield of 5.42% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, COF.PRD was trading at a 3.84% premium to its liquidation preference amount, versus the average premium of 3.36% 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.PRD shares, versus COF:

Performance Comparison Chart

Below is a dividend history chart for COF.PRD, showing historical dividend payments on Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D:

COF.PRD+Dividend+History+Chart

In Thursday trading, Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: COF.PRD) is currently trading flat on the day, while the common shares (Symbol: COF) are up about 1.8%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Stocks
Referenced Symbols: COF.PRD , COF




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