Summary
Capital One Financial Corporation (COF) announced on November 8, 2018, a quarterly cash dividend of $0.40 per share, payable on November 23, 2018, to shareholders of record as of November 12, 2018. This dividend payment is routine and demonstrates the company's ongoing commitment to returning capital to its shareholders. The declaration of this dividend, which exceeds a specific threshold, also triggered an adjustment to the exercise price of the company's outstanding warrants. Specifically, due to the dividend exceeding $0.375 per share, the exercise price of COF's warrants will be reduced from $41.945 to $41.933 per share, effective November 12, 2018. This adjustment is a standard provision in the warrant agreement. Investors holding these warrants should note this change, while common stockholders will receive the declared dividend. Further details on warrant information are available on the company's investor relations website.
Key Highlights
- 1Capital One Financial Corporation (COF) declared a quarterly common stock dividend of $0.40 per share.
- 2The dividend payment date is November 23, 2018.
- 3The record date for dividend eligibility is November 12, 2018.
- 4The declared dividend exceeds the $0.375 per share threshold stipulated in the warrant agreement.
- 5This dividend declaration will result in an adjustment to the exercise price of outstanding COF warrants.
- 6The warrant exercise price will be reduced from $41.945 to $41.933 per share.
- 7The warrant price adjustment is effective as of the close of business on November 12, 2018.