Summary
Capital One Financial Corporation (COF) has announced a quarterly dividend declaration and a related adjustment to its outstanding warrant exercise price. The Board of Directors declared a dividend of $0.40 per share, payable on August 16, 2018, to stockholders of record on August 6, 2018. This dividend amount exceeds the threshold that triggers an adjustment to the company's outstanding warrants. As a result of the dividend declaration exceeding $0.375 per share, the exercise price for warrants expiring on November 14, 2018, will be reduced. The exercise price will decrease from $41.956 to $41.945 per share, effective as of the close of business on August 6, 2018. Investors holding these warrants should note this adjustment, as it may impact their decision to exercise.
Key Highlights
- 1Capital One Financial Corp. declared a quarterly dividend of $0.40 per common share.
- 2The dividend payment date is August 16, 2018.
- 3The record date for the dividend is August 6, 2018.
- 4The declared dividend of $0.40 exceeds the $0.375 threshold triggering a warrant adjustment.
- 5The exercise price of outstanding warrants will be reduced.
- 6The warrant exercise price will decrease from $41.956 to $41.945 per share.
- 7This warrant exercise price adjustment is effective August 6, 2018.