Summary
Capital One Financial Corporation (COF) announced on July 28, 2021, a common stock dividend declaration for the third quarter of 2021. The total common stock dividend will be $1.20 per share, which comprises a regular quarterly dividend of $0.60 and a one-time special dividend of $0.60. This amounts to an approximate total payout of $531 million for common stockholders, with the exact figure dependent on the shares outstanding as of August 9, 2021. The dividend is scheduled to be paid on August 20, 2021, to shareholders of record on August 9, 2021. In addition to the common stock dividend, Capital One's Board of Directors also approved quarterly dividends for its various series of preferred stocks. These preferred stock dividends, totaling approximately $79 million, are payable on September 1, 2021, to shareholders of record on August 16, 2021. Investors should note that the payment of common stock dividends is subject to restrictions tied to the company's ability to pay preferred stock dividends, as per the terms of its outstanding preferred stock.
Key Highlights
- 1Capital One declared a common stock dividend of $1.20 per share for Q3 2021.
- 2The $1.20 common dividend includes a one-time special dividend of $0.60 per share.
- 3An approximate total of $531 million will be paid in common stock dividends.
- 4The common stock dividend is payable on August 20, 2021, to shareholders of record on August 9, 2021.
- 5Quarterly preferred stock dividends were also approved, totaling approximately $79 million.
- 6Preferred stock dividends are payable on September 1, 2021, to shareholders of record on August 16, 2021.
- 7Payment of common stock dividends is subject to restrictions if preferred stock dividends are not met.