Summary
Capital One Financial Corporation (COF) announced on July 24, 2019, through its Board of Directors, the declaration of its quarterly common stock dividend and several preferred stock dividends. The common stock dividend is set at $0.40 per share, payable on August 15, 2019, to shareholders of record as of August 5, 2019. This action signals continued commitment to returning capital to shareholders. In aggregate, the company expects to distribute approximately $190 million for common stock dividends and an additional $53 million for preferred stock dividends in the third quarter of 2019. These declarations are subject to standard dividend payment terms and conditions, including the requirement to maintain preferred stock dividend payments, which could impact the company's ability to repurchase stock or pay dividends on junior stock if preferred dividends are not met.
Key Highlights
- 1Quarterly common stock dividend declared at $0.40 per share.
- 2Common stock dividend payable on August 15, 2019.
- 3Record date for common stock dividend is August 5, 2019.
- 4Quarterly dividends approved for multiple series of perpetual preferred stock.
- 5Total expected common stock dividend payments for Q3 2019 are approximately $190 million.
- 6Total expected preferred stock dividend payments for Q3 2019 are approximately $53 million.
- 7Preferred stock terms include restrictions on common stock dividends/repurchases if preferred dividends are not paid.