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.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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.

More from Stocks

Cloud Gaming Adds Growth Opportunity for Microsoft

Cloud Gaming Adds Growth Opportunity for Microsoft

Dow Dives Sharply on Rates Fears, Tech Shares Sink Nasdaq

Dow Dives Sharply on Rates Fears, Tech Shares Sink Nasdaq

Throwback Thursday: To Trade or Not to Trade Paypal

Throwback Thursday: To Trade or Not to Trade Paypal

Daimler's Going Autonomous With Nvidia to Take On Uber, Ride-Hailing Race

Daimler's Going Autonomous With Nvidia to Take On Uber, Ride-Hailing Race

Trading Nvidia After Goldman Sachs Upgrades to 'Conviction Buy'

Trading Nvidia After Goldman Sachs Upgrades to 'Conviction Buy'