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Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C Goes Ex-Dividend Soon

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On 2/11/15, Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: COF.PRC) will trade ex-dividend, for its quarterly dividend of $0.3906, payable on 3/2/15. As a percentage of COF.PRC's recent share price of $25.35, this dividend works out to approximately 1.54%, so look for shares of COF.PRC to trade 1.54% lower - all else being equal - when COF.PRC shares open for trading on 2/11/15. On an annualized basis, the current yield is approximately 6.18%, which compares to an average yield of 5.77% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of COF.PRC shares, versus COF:

Performance Comparison Chart

Below is a dividend history chart for COF.PRC, showing historical dividends prior to the most recent $0.3906 on Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C :

COF.PRC+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Capital One Financial Corp (Symbol: COF) makes up 2.17% of the PowerShares DWA Financial Momentum Portfolio ETF ( PFI ) which is trading relatively unchanged on the day Monday.

In Monday trading, Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: COF.PRC) is currently up about 0.3% on the day, while the common shares (Symbol: COF) are trading flat.

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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