Summary
Capital One Financial Corporation (COF) has announced its quarterly dividend, maintaining its commitment to returning capital to shareholders. The Board of Directors declared a dividend of $0.40 per share, payable on November 24, 2017, to stockholders of record as of November 13, 2017. This demonstrates continued confidence in the company's financial stability and profitability. Additionally, the company is informing investors about an adjustment to the exercise price of its outstanding warrants due to the declared dividend. The dividend amount exceeded the threshold triggering an adjustment, leading to a slight reduction in the warrant exercise price from $41.991 to $41.979 per share, effective November 13, 2017. Investors holding these warrants should note this change, which is designed to reflect the value distributed to common stockholders.
Key Highlights
- 1Capital One Financial Corporation declared a quarterly cash dividend of $0.40 per common share.
- 2The dividend payment date is November 24, 2017.
- 3The record date for the dividend is November 13, 2017.
- 4The company's Board of Directors approved the dividend.
- 5Outstanding warrants will have their exercise price adjusted due to the dividend declaration.
- 6The warrant exercise price will be reduced from $41.991 to $41.979 per share.
- 7The warrant exercise price adjustment is effective as of the close of business on November 13, 2017.