Summary
Capital One Financial Corporation (COF) announced a quarterly dividend declaration and a related adjustment to its outstanding warrants. The Board of Directors declared a quarterly dividend of $0.40 per share, payable on May 25, 2017, to shareholders of record on May 15, 2017. This dividend level, exceeding $0.375 per share, triggers a pre-defined adjustment to the exercise price of the Company's outstanding warrants.
Key Highlights
- 1Quarterly dividend declared at $0.40 per share.
- 2Dividend payment date is May 25, 2017.
- 3Record date for dividend is May 15, 2017.
- 4The declared dividend exceeds $0.375 per share.
- 5This dividend level leads to an adjustment in the warrant exercise price.
- 6Warrant exercise price will be reduced from $42.017 to $42.004 per share.
- 7The warrant price adjustment is effective May 15, 2017.
Frequently Asked Questions
Capital One Financial Corporation declared a quarterly dividend of $0.40 per share.
The dividend is payable on May 25, 2017, to stockholders of record as of the close of business on May 15, 2017.
The declared dividend of $0.40 per share, which is in excess of $0.375 per share, triggers an adjustment to the exercise price of outstanding warrants. The exercise price will be reduced from $42.017 to $42.004 per share, effective May 15, 2017.
Further information regarding the warrants and the adjustments to the warrant exercise price is available on Capital One's website under 'About Us,' then 'Investors,' and then 'Warrant Information' within the 'Stock Information' section.