Capital One Financial Has Five Preferreds For An Investor's Wallet

Capital One Financial (COF) offers five series of preferred stocks, all rated BB, with yields around 6.6% and strong dividend coverage. COF's robust Tier 1 capital ratio and 19.8x equity-to-preferred coverage indicate minimal default or dividend risk for preferred holders. Net income covers preferred dividends by 10.3x, supporting income reliability even if net interest margins decline.