Cash Dividend On The Way From Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series G

On 8/15/17, Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series G (COF.PRG) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 9/1/17. As a percentage of COF.PRG's recent share price of $25.04, this dividend works out to approximately 1.30%, so look for shares of COF.PRG to trade 1.30% lower — all else being equal — when COF.PRG shares open for trading on 8/15/17. On an annualized basis, the current yield is approximately 5.20%, which compares to an average yield of 5.52% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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As of last close, COF.PRG was trading at a 0.12% premium to its liquidation preference amount, versus the average premium of 6.28% 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.PRG shares, versus COF:

Performance Comparison Chart

Below is a dividend history chart for COF.PRG, showing historical dividends prior to the most recent $0.325 on Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series G :

COF.PRG+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Capital One Financial Corp ( COF) makes up 1.85% of the PowerShares BuyBack Achievers Portfolio ETF (PKW) which is trading relatively unchanged on the day Friday.

In Friday trading, Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series G ( COF.PRG) is currently trading flat on the day, while the common shares ( COF) are trading flat.

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