8-KOther Events

CAPITAL ONE FINANCIAL CORP 8-K Report, Corporate Update (Aug 4, 2016)

Filed August 4, 2016For Securities:COFCOF-PLCOF-PICOF-PKCOF-PNCOF-PJ

Summary

Capital One Financial Corporation (COF) announced on August 4, 2016, through its 8-K filing, the declaration of its quarterly common stock dividend and a related adjustment to its outstanding warrants. The Board of Directors declared a dividend of $0.40 per share, payable on August 18, 2016, to shareholders of record as of August 8, 2016. This dividend marks a positive signal for shareholders, indicating continued confidence in the company's financial health and ability to return capital. Of particular note for warrant holders, the declared dividend of $0.40 per share exceeds the $0.375 threshold triggering an adjustment to the warrant exercise price. Consequently, the exercise price for the company's outstanding warrants will be reduced from $42.059 to $42.043 per share, effective August 8, 2016. This adjustment benefits warrant holders by lowering the cost to acquire Capital One common stock.

Key Highlights

  • 1Capital One Financial Corporation declared a quarterly dividend of $0.40 per common share.
  • 2The dividend is scheduled to be paid on August 18, 2016.
  • 3Stockholders of record as of August 8, 2016, will receive the dividend.
  • 4The declared dividend of $0.40 per share exceeds the $0.375 threshold for warrant adjustment.
  • 5The exercise price of outstanding warrants will be reduced from $42.059 to $42.043 per share.
  • 6The warrant exercise price adjustment will be effective August 8, 2016.
  • 7Further details on warrant information are available on the company's investor relations 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 August 18, 2016, to stockholders of record at the close of business on August 8, 2016.

The declared dividend of $0.40 per share is in excess of the $0.375 threshold that triggers an adjustment to the warrant exercise price. As a result, the exercise price of the outstanding warrants will be reduced from $42.059 to $42.043 per share, effective August 8, 2016.

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.