Summary
Capital One Financial Corporation (COF) announced a quarterly common stock dividend of $0.60 per share, set to be paid on November 26, 2021, to shareholders of record on November 15, 2021. This declaration indicates an approximate payout of $255 million for the fourth quarter of 2021, though the final amount depends on the outstanding shares at the record date. In addition to common stock dividends, the Board of Directors also approved quarterly dividends for several series of preferred stock, totaling approximately $74 million for the fourth quarter. These preferred dividends are payable on December 1, 2021, to shareholders of record on November 15, 2021. The filing also highlights the usual clause regarding preferred stock dividend payments and their potential impact on common stock dividends or repurchases.
Key Highlights
- 1Declaration of a quarterly common stock dividend of $0.60 per share.
- 2Common stock dividend payment date: November 26, 2021.
- 3Record date for common stock dividend: November 15, 2021.
- 4Estimated total common stock dividend payout for Q4 2021: approximately $255 million.
- 5Approval of quarterly preferred stock dividends totaling approximately $74 million for Q4 2021.
- 6Preferred stock dividends payable on December 1, 2021.
- 7Reminder of customary restrictions on common stock dividends if preferred stock dividends are not met.