Capital One Financial's Preferred Stock, Series I Crosses Above 6.5% Yield Territory

Capital One Financial's 5.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series I (COF.PRI) was yielding above 6.5% based on its $1.25 annualized dividend, with shares trading as low as $19. The piece is a factual yield update on a preferred stock and does not indicate a change in fundamentals or capital structure.

Analysis

Capital One Financial's 5.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series I (COF.PRI) was yielding above 6.5% based on its $1.25 annualized dividend, with shares trading as low as $19. The piece is a factual yield update on a preferred stock and does not indicate a change in fundamentals or capital structure.