Capital One Financial's Prefrred Stock Series K Shares Cross 7% Yield Mark

In trading on Monday, 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 7% mark based on its quarterly dividend (annualized to $1.1562), with shares changing hands as low as $16.32 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 33.60% discount to its liquidation preference amount, versus the average discount of 13.09% 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.

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 Monday trading, Capital One Financial Corp's 4.625% Dep Shares Non-Cumul Perp Pfd Stock Series K (Symbol: COF.PRK) is currently up about 0.1% on the day, while the common shares (Symbol: COF) are off about 2%.

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