Summary
Capital One Financial Corporation (COF) announced on May 2, 2019, through its Board of Directors, the declaration of its quarterly common stock dividend and several series of preferred stock dividends. The common stock dividend is set at $0.40 per share, payable on May 23, 2019, to shareholders of record as of May 13, 2019. This reflects a consistent approach to returning capital to shareholders. The total estimated payout for the second quarter of 2019 is approximately $190 million for common stock dividends and around $80 million for preferred stock dividends. Investors should note that the payment of common stock dividends is subject to certain restrictions related to the company's ability to pay preferred stock dividends, as outlined in the terms of the outstanding preferred stock.
Key Highlights
- 1Quarterly common stock dividend declared at $0.40 per share.
- 2Common stock dividend payment date: May 23, 2019.
- 3Record date for common stock dividend: May 13, 2019.
- 4Various preferred stock series also had quarterly and semi-annual dividends declared.
- 5Total expected common stock dividend payout for Q2 2019: approximately $190 million.
- 6Total expected preferred stock dividend payout for Q2 2019: approximately $80 million.
- 7Payment of common stock dividends is subject to restrictions if preferred stock dividends are not met.