Summary
Capital One Financial Corporation (COF) announced on November 3, 2016, through a Form 8-K filing, the declaration of its quarterly common stock dividend. The dividend is set at $0.40 per share, payable on November 25, 2016, to shareholders of record as of November 14, 2016. This action signals continued confidence in the company's financial stability and commitment to returning value to its shareholders.
Key Highlights
- 1Declaration of a quarterly common stock dividend of $0.40 per share.
- 2Common stock dividend payable on November 25, 2016.
- 3Record date for the common stock dividend is November 14, 2016.
- 4Approval of quarterly dividends for various series of preferred stock.
- 5Preferred stock dividends payable on December 1, 2016.
- 6Total expected dividend payments in Q4 2016: approximately $194 million for common stock and $75 million for preferred stock.
- 7Reminder of preferred stock dividend restrictions on common stock actions if preferred dividends are not met.
Frequently Asked Questions
Capital One declared a quarterly common stock dividend of $0.40 per share.
The common stock dividend is payable on November 25, 2016.
Shareholders of record at the close of business on November 14, 2016, are eligible to receive the common stock dividend.
Yes, the company's ability to pay dividends on common stock is subject to restrictions if dividends on the preferred stock are not declared and paid or set aside for payment for the immediately preceding dividend period.