Capital One Financial's Preferred Stock Series L Shares Cross 7.5% Yield Mark

In trading on Tuesday, shares of Capital One Financial Corp's 4.375% Dep Shares Non-Cumul Perp Pfd Stock Series L (Symbol: COF.PRL) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.0938), with shares changing hands as low as $14.56 on the day. This compares to an average yield of 7.05% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, COF.PRL was trading at a 41.00% discount to its liquidation preference amount, versus the average discount of 16.09% in the "Financial" category.