Capital One Announces Quarterly Dividend

Rhea-AI Summary

Capital One Financial (NYSE: COF) has announced a quarterly dividend of $0.60 per common share, payable on August 23, 2024, to stockholders of record as of August 12, 2024. The company has consistently declared dividends since becoming independent in 1995. Additionally, Capital One declared dividends on various series of preferred stock:

- Series I: $12.50 per share ($0.3125 per depositary share)
- Series J: $12.00 per share ($0.30 per depositary share)
- Series K: $11.5625 per share ($0.2890625 per depositary share)
- Series L: $10.9375 per share ($0.2734375 per depositary share)
- Series M: $9.875 per share
- Series N: $10.625 per share ($0.265625 per depositary share)

All preferred stock dividends will be paid on September 3, 2024, to stockholders of record as of August 19, 2024.

Positive

• Consistent quarterly dividend payments since 1995, indicating financial stability
• Dividend of $0.60 per common share, providing income for shareholders
• Multiple series of preferred stock dividends declared, diversifying investor options

Negative

• None.

Company also declares preferred stock dividend

MCLEAN, Va.--(BUSINESS WIRE)-- Capital One Financial Corporation (NYSE: COF) today announced a quarterly dividend of $0.60 per common share payable August 23, 2024, to stockholders of record at the close of business on August 12, 2024. The company has announced dividends on its common stock every quarter since it became an independent company on February 28, 1995. Dividends declared by the company are eligible for direct reinvestment in the company's common stock under its Dividend Reinvestment and Stock Purchase Plan. For additional Plan information, stockholders should contact Computershare Trust Company, N.A., at 1-888-985-2057 (inside the U.S. and Canada) or 1-781-575-2725 (outside the U.S. and Canada).

The company also declared a quarterly dividend on the outstanding shares of its 5.00 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series I (the "Series I Preferred Stock"). Each outstanding share of the Series I Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series I Preferred Stock. The dividend of $12.50 per share (equivalent to $0.3125 per outstanding depositary share) will be paid on September 3, 2024, to stockholders of record at the close of business on August 19, 2024.

The company also declared a quarterly dividend on the outstanding shares of its 4.80 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series J (the "Series J Preferred Stock"). Each outstanding share of the Series J Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series J Preferred Stock. The dividend of $12.00 per share (equivalent to $0.30 per outstanding depositary share) will be paid on September 3, 2024, to stockholders of record at the close of business on August 19, 2024.

The company also declared a quarterly dividend on the outstanding shares of its 4.625 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K (the "Series K Preferred Stock"). Each outstanding share of the Series K Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series K Preferred Stock. The dividend of $11.5625 per share (equivalent to $0.2890625 per outstanding depositary share) will be paid on September 3, 2024, to stockholders of record at the close of business on August 19, 2024.

The company also declared a quarterly dividend on the outstanding shares of its 4.375 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series L (the "Series L Preferred Stock"). Each outstanding share of the Series L Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series L Preferred Stock. The dividend of $10.9375 per share (equivalent to $0.2734375 per outstanding depositary share) will be paid on September 3, 2024, to stockholders of record at the close of business on August 19, 2024.

The company also declared a quarterly dividend on the outstanding shares of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M (the "Series M Preferred Stock"). The dividend of $9.875 per share will be paid on September 3, 2024, to stockholders of record at the close of business on August 19, 2024.

The company also declared a quarterly dividend on the outstanding shares of its 4.25 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N (the "Series N Preferred Stock"). Each outstanding share of the Series N Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series N Preferred Stock. The dividend of $10.625 per share (equivalent to $0.265625 per outstanding depositary share) will be paid on September 3, 2024, to stockholders of record at the close of business on August 19, 2024.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company which, along with its subsidiaries, had $351.4 billion in deposits and $480.0 billion in total assets as of June 30, 2024. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches and Cafés located primarily in New York, Louisiana, Texas, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240731646144/en/

Joanna Heaney

joanna.heaney@capitalone.com

Source: Capital One Financial Corporation

FAQ

What is the amount of Capital One's (COF) quarterly dividend for common shares?

Capital One (COF) has declared a quarterly dividend of $0.60 per common share.

When will Capital One (COF) pay its next common stock dividend?

Capital One (COF) will pay its next common stock dividend on August 23, 2024.

What is the record date for Capital One's (COF) common stock dividend?

The record date for Capital One's (COF) common stock dividend is August 12, 2024.

How long has Capital One (COF) been paying dividends?

Capital One (COF) has been declaring dividends on its common stock every quarter since it became an independent company on February 28, 1995.

When will Capital One (COF) pay its preferred stock dividends?

Capital One (COF) will pay its preferred stock dividends on September 3, 2024.