Summary
Capital One Financial Corporation (COF) announced on January 31, 2019, through its Board of Directors, the declaration of its quarterly common stock dividend. The dividend is set at $0.40 per share, payable on February 22, 2019, to shareholders of record as of February 11, 2019. This action signifies the company's continued commitment to returning capital to its common stockholders. In addition to the common stock dividend, Capital One also approved quarterly dividends for several series of its fixed-rate non-cumulative perpetual preferred stock. These preferred dividends, totaling approximately $52 million for the first quarter of 2019, are payable on March 1, 2019. The total expected dividend payout for the first quarter of 2019, combining common and preferred stock, is approximately $189 million and $52 million respectively. Investors should note that the payment of preferred stock dividends is a priority, with potential restrictions on common stock actions if preferred dividends are not met.
Key Highlights
- 1Capital One declared a quarterly common stock dividend of $0.40 per share.
- 2The common stock dividend is payable on February 22, 2019, to shareholders of record on February 11, 2019.
- 3Quarterly dividends were also approved for multiple series of preferred stock.
- 4Preferred stock dividends are payable on March 1, 2019, to shareholders of record on February 14, 2019.
- 5The company expects to pay approximately $189 million in common stock dividends and $52 million in preferred stock dividends in Q1 2019.
- 6Payment of preferred stock dividends is subject to restrictions on common stock dividends or repurchases if not met.