Summary
This 8-K filing by Capital One Financial Corporation (COF) primarily announces the declaration of a quarterly cash dividend and a resulting adjustment to the exercise price of outstanding warrants. Investors will be interested to note the dividend amount and payment dates, as these directly impact shareholder returns. The filing also details an adjustment to the warrant exercise price due to the dividend declaration, which is a technical but important piece of information for those holding or considering the company's warrants.
Key Highlights
- 1Capital One Financial Corporation declared a quarterly dividend of $0.40 per share on common stock.
- 2The dividend payment date is May 24, 2018.
- 3The record date for the dividend is May 14, 2018.
- 4The company has outstanding warrants that expire on November 14, 2018.
- 5The declared dividend of $0.40 per share exceeds the threshold of $0.375 per share, triggering an adjustment to the warrant exercise price.
- 6The warrant exercise price will be reduced from $41.968 to $41.956 per share.
- 7This warrant price adjustment will be effective as of the close of business on May 14, 2018.