Summary
Capital One Financial Corporation (COF) has announced a quarterly cash dividend of $0.40 per share on its common stock, payable on February 26, 2016, to shareholders of record as of February 16, 2016. This represents a slight increase from the previous dividend level and signals continued confidence from management in the company's financial health and ability to return capital to shareholders.
Key Highlights
- 1Quarterly dividend declared at $0.40 per share.
- 2Dividend payment date is February 26, 2016.
- 3Record date for dividend eligibility is February 16, 2016.
- 4The dividend amount exceeds the $0.375 per share threshold for warrant adjustment.
- 5Warrant exercise price will be reduced from $42.091 to $42.074 per share.
- 6Warrant price adjustment is effective February 16, 2016.
- 7Further warrant details are available on the company's investor relations website.
Frequently Asked Questions
Capital One Financial Corporation has declared a quarterly dividend of $0.40 per share. This dividend will be paid on February 26, 2016.
Shareholders who are on record as holding the company's common stock at the close of business on February 16, 2016, will be eligible to receive the dividend.
The declared dividend of $0.40 per share, which exceeds the $0.375 threshold, triggers an adjustment to the exercise price of the outstanding warrants. The exercise price will be reduced from $42.091 to $42.074 per share, effective February 16, 2016.
Additional information regarding the warrants and the adjustment 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.