Summary
Capital One Financial Corporation (COF) announced a quarterly dividend of $0.40 per share on its common stock, payable on November 19, 2015, to shareholders of record on November 9, 2015. This dividend declaration has a minor impact on the company's outstanding warrants. Specifically, the declared dividend of $0.40 per share, which exceeds the $0.375 threshold specified in the warrant terms, triggers an adjustment to the warrant exercise price. The exercise price will be reduced from $42.104 to $42.091 per share, effective November 9, 2015. Investors holding these warrants should note this adjustment to their potential future costs of acquiring COF stock.
Key Highlights
- 1Quarterly cash dividend declared: $0.40 per share.
- 2Dividend payment date: November 19, 2015.
- 3Record date for dividend: November 9, 2015.
- 4Warrant exercise price adjustment triggered by dividend declaration.
- 5Warrant exercise price reduced from $42.104 to $42.091 per share.
- 6Adjustment to warrant exercise price effective November 9, 2015.
- 7Further warrant details available on the company's investor website.