Capital One's preferred stocks offer strong yields and low risk, with COF-N favored for stability amid rate changes.

Capital One Financial offers five series of preferred stocks rated BB, yielding around 6.6% with strong dividend coverage and low default risk. The company's solid Tier 1 capital ratio and high equity-to-preferred coverage support income reliability, even if interest margins decline. Investors are advised to focus on lower-coupon preferred stocks like COF-N, which is less likely to be called if rates fall, making it a safer choice. This update highlights Capital One's preferred stocks as attractive income investments with manageable call risk.