In trading on Monday, shares of Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: COF.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $23.87 on the day. This compares to an average yield of 5.72% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, COF.PRC was trading at a 2.60% discount to its liquidation preference amount, versus the average discount of 4.20% 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.PRC shares, versus COF:
Below is a dividend history chart for COF.PRC, showing historical dividend payments on Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C :
In Monday trading, Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: COF.PRC) is currently down about 1.2% on the day, while the common shares (Symbol: COF) are off about 2.2%.
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