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.
Frequently Asked Questions
Capital One Financial Corporation declared a quarterly dividend of $0.40 per share on its outstanding common stock.
The dividend is payable on November 19, 2015, to shareholders of record as of the close of business on November 9, 2015.
The declaration of a dividend exceeding $0.375 per share triggers an adjustment to the exercise price of outstanding warrants. The exercise price will be reduced from $42.104 to $42.091 per share, effective November 9, 2015.
Additional information regarding the warrants and the adjustments to the warrant exercise price can be found on Capital One's website under 'About Us,' then 'Investors,' and then 'Warrant Information' within the 'Stock Information' section.