Summary
Capital One Financial Corporation (COF) announced its quarterly dividend declarations on May 5, 2022, filed on May 9, 2022. The company's Board of Directors approved a common stock dividend of $0.60 per share, expected to result in approximately $237 million in total cash dividends paid during the second quarter of 2022. This declaration demonstrates a continued commitment to returning capital to shareholders. In addition to common stock dividends, Capital One also declared quarterly dividends on various series of its perpetual preferred stock. These preferred stock dividends, totaling approximately $57 million for the second quarter, are subject to specific terms and restrictions. Notably, the ability to pay dividends on common stock is contingent upon the declaration and payment or setting aside of funds for preferred stock dividends, highlighting a priority in capital allocation.
Key Highlights
- 1Declaration of a quarterly common stock dividend of $0.60 per share.
- 2Estimated total cash payout for common stock dividends in Q2 2022 is approximately $237 million.
- 3Dividend payment date for common stock is May 27, 2022, with a record date of May 16, 2022.
- 4Quarterly dividends declared on multiple series of perpetual preferred stock.
- 5Estimated total cash payout for preferred stock dividends in Q2 2022 is approximately $57 million.
- 6Preferred stock dividends are payable on June 1, 2022, with a record date of May 17, 2022.
- 7Restrictions on common stock dividend payments exist if preferred stock dividends are not met.