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COF-P Preferreds

COF-P Capital One Financial Preferred is paying just under 7%.  Not callable until 2017 which is a positive.  I would not pay more than $25.00

If you are not interested in buying single issues, you can also consider SPFF, a preferred ETF.  You must be aware that this contains approx. 88% financials which can be considered risky.  Buy a small, small position if you purchase SPFF.  PFXF is another option that excludes financials but only pays 5.6%

If you have no experience in owning preferreds (or any other position mentioned here), you must conduct due diligence to understand the risks in owning this type of investment.

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