Ex-Div Reminder for Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B

On 2/13/18, Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (COF.PRP) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 3/1/18. As a percentage of COF.PRP's recent share price of $25.20, this dividend works out to approximately 1.49%, so look for shares of COF.PRP to trade 1.49% lower — all else being equal — when COF.PRP shares open for trading on 2/13/18. On an annualized basis, the current yield is approximately 5.95%, which compares to an average yield of 5.66% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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As of last close, COF.PRP was trading at a 0.92% premium to its liquidation preference amount, versus the average premium of 3.13% 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.PRP shares, versus COF:

Performance Comparison Chart

Below is a dividend history chart for COF.PRP, showing historical dividends prior to the most recent $0.375 on Capital One Financial Corp's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B :

COF.PRP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Capital One Financial Corp ( COF) makes up 2.49% of the First Trust Hedged BuyWrite Income ETF (FTLB) 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 B ( COF.PRP) is currently off about 0.1% on the day, while the common shares ( COF) are trading flat.

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