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Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B About To Put More Money In Your Pocket

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Shutterstock photo

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On 2/11/16, Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (Symbol: COF.PRP) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 3/1/16. As a percentage of COF.PRP's recent share price of $25.01, this dividend works out to approximately 1.50%, so look for shares of COF.PRP to trade 1.50% lower - all else being equal - when COF.PRP shares open for trading on 2/11/16. On an annualized basis, the current yield is approximately 5.97%, which compares to an average yield of 5.84% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of COF.PRP shares, versus COF:

Performance Comparison Chart

Below is a dividend history chart for COF.PRP, showing historical dividends prior to the most recent $0.375 on Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B :

COF.PRP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Capital One Financial Corp (Symbol: COF) makes up 2.06% of the PowerShares Russell Top 200 Pure Value Portfolio ETF ( PXLV ) which is trading lower by about 0.4% on the day Tuesday.

In Tuesday trading, Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (Symbol: COF.PRP) is currently down about 0.5% on the day, while the common shares (Symbol: COF) are up about 0.7%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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


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

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