8-KOther EventsExhibits & Filings

CAPITAL ONE FINANCIAL CORP 8-K Report, Corporate Update (Nov 9, 2021)

Filed November 9, 2021For Securities:COFCOF-PLCOF-PICOF-PKCOF-PNCOF-PJ

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.

Frequently Asked Questions

Capital One Financial Corporation declared a quarterly common stock dividend of $0.60 per share.

The common stock dividend is payable on November 26, 2021, to stockholders of record at the close of business on November 15, 2021.

Based on the declaration, Capital One anticipates paying approximately $255 million in common stock cash dividends during the fourth quarter of 2021. The final amount is contingent on the number of shares outstanding on the record date.

Yes, the Board of Directors approved quarterly dividends on various series of the Company's preferred stock, with an estimated total payout of $74 million for the fourth quarter of 2021. These are payable on December 1, 2021, to shareholders of record on November 15, 2021.