Summary
Capital One Financial Corporation (COF) announced on May 4, 2016, its regular quarterly common stock dividend of $0.40 per share, payable on May 26, 2016, to shareholders of record on May 16, 2016. This marks a continued commitment to returning capital to shareholders. In addition to common stock dividends, the company's Board of Directors also approved quarterly dividends for various series of preferred stock and semi-annual dividends for another preferred stock series. These preferred dividends are set to be paid on June 1, 2016. The total estimated payout for common and preferred dividends in the second quarter of 2016 is approximately $270.8 million ($206 million common and $64.8 million preferred). Importantly, the company noted that dividend payments on common stock are subject to restrictions should preferred stock dividends not be declared and funded.
Key Highlights
- 1Quarterly common stock dividend declared at $0.40 per share.
- 2Common stock dividend payable on May 26, 2016, to shareholders of record on May 16, 2016.
- 3Quarterly and semi-annual dividends approved for multiple classes of preferred stock.
- 4Total estimated common and preferred dividend payout for Q2 2016 is approximately $270.8 million.
- 5Common stock dividend payments are contingent on the declaration and payment of preferred stock dividends.
- 6This filing is made under Regulation FD and is furnished, not filed, meaning it does not carry the same liabilities as a formal SEC filing under Section 18.