In trading on Tuesday, Capital One Financial Corp’s 4.80% Dep Shares Non-Cumulative Preferred Stock Series J (Symbol: COF.PRJ) yielded over 7.5%, with shares trading as low as $15.80. The annualized dividend stands at $1.20, outperforming the average yield of 7.05% in the Financial preferred stock category. Currently, COF.PRJ is trading at a 35.88% discount to its liquidation preference, compared to the category average discount of 16.09%.
The stock fell approximately 0.9% on the day, while common shares of Capital One (Symbol: COF) remained flat. Investors should note that the preferred shares are non-cumulative, meaning missed dividend payments do not need to be repaid before resuming common dividends.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
