Summary
Capital One Financial Corporation (COF) announced on May 3, 2018, through an 8-K filing, that its Board of Directors declared a quarterly common stock dividend of $0.40 per share. This dividend is scheduled to be paid on May 24, 2018, to shareholders of record on May 14, 2018. In addition to the common stock dividend, the company also approved quarterly and semi-annual dividends for various series of its preferred stock. The total estimated dividend payout for the second quarter of 2018 is approximately $196 million for common stock and $80 million for preferred stock, totaling around $276 million. The filing also notes the standard restrictions on common stock dividends if preferred stock dividends are not met.
Key Highlights
- 1Quarterly common stock dividend declared at $0.40 per share.
- 2Common stock dividend payment date: May 24, 2018.
- 3Record date for common stock dividend: May 14, 2018.
- 4Quarterly and semi-annual dividends approved for multiple series of preferred stock.
- 5Preferred stock dividend payment date: June 1, 2018.
- 6Preferred stock record date: May 17, 2018.
- 7Estimated total dividend payout for Q2 2018 is approximately $276 million ($196 million common, $80 million preferred).