Summary
Capital One Financial Corporation (COF) announced on November 2, 2020, that its Board of Directors has declared quarterly dividends for its common and preferred stock. For common stockholders, a dividend of $0.10 per share was declared, payable on November 19, 2020. This declaration indicates a continued commitment to returning capital to shareholders, despite the prevailing economic uncertainties in late 2020. The company also approved dividends for its various series of perpetual preferred stock, with payments scheduled for December 1, 2020. The total estimated payout for common stock dividends in the fourth quarter of 2020 is approximately $46 million, with an additional $68 million allocated for preferred stock dividends. These dividend declarations are subject to the company meeting its obligations on preferred stock, as outlined in its terms.
Key Highlights
- 1Capital One declared a quarterly common stock dividend of $0.10 per share.
- 2The common stock dividend is payable on November 19, 2020, to shareholders of record as of November 9, 2020.
- 3Quarterly dividends were also approved for multiple series of preferred stock.
- 4Preferred stock dividends are payable on December 1, 2020, to shareholders of record as of November 16, 2020.
- 5The company estimates paying approximately $46 million in common stock dividends in Q4 2020.
- 6Total estimated preferred stock dividends for Q4 2020 are approximately $68 million.
- 7The payment of common stock dividends is subject to restrictions tied to the payment of preferred stock dividends.