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.
Frequently Asked Questions
Capital One Financial Corporation declared a quarterly dividend of $0.40 per share on its common stock.
The dividend is payable on August 17, 2017, to stockholders of record as of the close of business on August 7, 2017.
The declaration of a dividend exceeding $0.375 per share triggers an adjustment to the warrant exercise price. The exercise price will be reduced from $42.004 to $41.991 per share, effective August 7, 2017.
Additional information regarding the warrants and the adjustments to the exercise price can be found on Capital One's website under 'About Us,' then 'Investors,' and specifically in the 'Warrant Information' section under 'Stock Information.'