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In trading on Thursday, shares of Capital One Financial Corp's 4.80% Dep Shares Non-Cumul Perp Pfd Stock Series J (Symbol: COF.PRJ) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.20), with shares changing hands as low as $18.30 on the day. This compares to an average yield of 6.74% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, COF.PRJ was trading at a 24.44% discount to its liquidation preference amount, versus the average discount of 10.70% 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.PRJ shares, versus COF:

Below is a dividend history chart for COF.PRJ, showing historical dividend payments on Capital One Financial Corp's 4.80% Dep Shares Non-Cumul Perp Pfd Stock Series J:

In Thursday trading, Capital One Financial Corp's 4.80% Dep Shares Non-Cumul Perp Pfd Stock Series J (Symbol: COF.PRJ) is currently off about 1.7% on the day, while the common shares (Symbol: COF) are off about 1.6%.

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