Summary
Capital One Financial Corporation (COF) announced a quarterly dividend of $0.40 per share, payable on August 17, 2017, to shareholders of record on August 7, 2017. This dividend represents a slight increase from the previous dividend amount. In connection with the dividend declaration, the exercise price of Capital One's outstanding warrants will be adjusted downwards. This adjustment, from $42.004 to $41.991 per share, is effective August 7, 2017, and is a standard provision triggered by dividends exceeding a specific threshold. Investors holding these warrants should note this change in their potential cost to acquire COF common stock.
Key Highlights
- 1Quarterly common stock dividend declared at $0.40 per share.
- 2Dividend payment date set for August 17, 2017.
- 3Record date for dividend eligibility is August 7, 2017.
- 4Dividend amount exceeds the $0.375 threshold, triggering a warrant adjustment.
- 5Warrant exercise price reduced from $42.004 to $41.991 per share.
- 6Warrant price adjustment effective close of business on August 7, 2017.
- 7Further details on warrants available on the company's investor relations website.