Summary
Capital One Financial Corporation announced on January 29, 2020, through its Board of Directors, the declaration of its quarterly common stock dividend. The dividend is set at $0.40 per share, with a payment date of February 21, 2020, and a record date of February 10, 2020. This declaration indicates a consistent return of capital to common shareholders. In addition to common stock dividends, the company also approved quarterly dividends for several series of its perpetual preferred stock, with payment dates in early March 2020. The total estimated dividend payout for the first quarter of 2020 is approximately $186 million for common stock and $55 million for preferred stock. Investors should note that the company's ability to pay common stock dividends is contingent on its ability to meet its preferred stock dividend obligations, as stipulated by the terms of the preferred stock agreements.
Key Highlights
- 1Quarterly common stock dividend declared at $0.40 per share.
- 2Common stock dividend payment date set for February 21, 2020.
- 3Record date for common stock dividend is February 10, 2020.
- 4Quarterly dividends approved for multiple series of perpetual preferred stock.
- 5Total estimated common stock dividends for Q1 2020 are approximately $186 million.
- 6Total estimated preferred stock dividends for Q1 2020 are approximately $55 million.
- 7Payment of common stock dividends is subject to restrictions based on preferred stock dividend payments.