Capital One Announces Quarterly Dividend

Rhea-AI Summary

Capital One Financial Corporation (NYSE: COF) declared a quarterly dividend of $0.10 per share, payable on August 20, 2020, to stockholders of record as of August 10, 2020. The company also announced dividends on its preferred stocks, including $10.6056 for Series E and $15.50 for Series F, both payable on September 1, 2020. Capital One has consistently declared dividends quarterly since its independence on February 28, 1995.

Positive

• Quarterly dividend of $0.10 per share maintained, reflecting capital strength.
• Consistent dividend payments highlight company stability since 1995.
• Diverse preferred stock dividends enhance shareholder options.

Negative

• None.

MCLEAN, Va., July 31, 2020 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced a quarterly dividend of $0.10 per share payable August 20, 2020, to stockholders of record as of August 10, 2020. 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 Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (the "Series E Preferred Stock"), based on a floating rate equal to the three-month U.S. dollar London interbank offered rate plus a spread of 3.80 percent per annum.  The dividend of $10.6056 per share will be paid on September 1, 2020, to stockholders of record at the close of business on August 17, 2020.

The company also declared a quarterly dividend on the outstanding shares of its 6.20 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F (the "Series F Preferred Stock").  Each outstanding share of the Series F Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series F Preferred Stock.  The dividend of $15.50 per share (equivalent to $0.3875 per outstanding depositary share) will be paid on September 1, 2020, to stockholders of record at the close of business on August 17, 2020.

The company also declared a quarterly dividend on the outstanding shares of its 5.20 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series G (the "Series G Preferred Stock").  Each outstanding share of the Series G Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series G Preferred Stock.  The dividend of $13.00 per share (equivalent to $0.325 per outstanding depositary share) will be paid on September 1, 2020, to stockholders of record at the close of business on August 17, 2020.

The company also declared a quarterly dividend on the outstanding shares of its 6.00 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series H (the "Series H Preferred Stock").  Each outstanding share of the Series H Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series H Preferred Stock. The dividend of $15.00 per share (equivalent to $0.375 per outstanding depositary share) will be paid on September 1, 2020, to stockholders of record at the close of business on August 17, 2020.

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 1, 2020, to stockholders of record at the close of business on August 17, 2020.

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 1, 2020, to stockholders of record at the close of business on August 17, 2020.

About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $304.2 billion in deposits and $421.3 billion in total assets as of  June 30, 2020. 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 located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey 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.

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SOURCE Capital One Financial Corporation

FAQ

What is the dividend amount declared by Capital One Financial (COF)?

The dividend amount declared is $0.10 per share.

When will the Capital One dividend be paid?

The dividend will be paid on August 20, 2020.

What is the record date for the Capital One dividend payment?

The record date is August 10, 2020.

How often does Capital One pay dividends?

Capital One pays dividends quarterly.

What are the dividends for Capital One's preferred stocks?

Dividends for preferred stocks include $10.6056 for Series E and $15.50 for Series F, both payable on September 1, 2020.