Summary
Capital One Financial Corporation (COF) announced on November 7, 2022, a quarterly common stock dividend of $0.60 per share, payable on November 25, 2022. This declaration is expected to result in approximately $232 million in common stock cash dividends for the fourth quarter of 2022. The total payout is contingent on the number of outstanding shares on November 14, 2022. The company also declared quarterly dividends for its various series of perpetual preferred stock, totaling approximately $57 million for the fourth quarter, payable on December 1, 2022. These dividend declarations are a positive signal to investors regarding the company's financial health and ability to return capital. However, it's important to note the covenants associated with the preferred stock, which could restrict future common stock actions if preferred dividends are not met. This filing is primarily an update on capital return decisions rather than a disclosure of new financial performance metrics.
Key Highlights
- 1Capital One declared a quarterly common stock dividend of $0.60 per share.
- 2The common stock dividend is payable on November 25, 2022, to shareholders of record on November 14, 2022.
- 3Approximately $232 million is expected to be paid in common stock dividends for Q4 2022.
- 4Quarterly dividends were also declared for multiple series of preferred stock.
- 5Total preferred stock dividends for Q4 2022 are estimated at approximately $57 million.
- 6Preferred stock dividends are payable on December 1, 2022, to shareholders of record on November 16, 2022.
- 7The filing includes standard exhibits, such as the Inline XBRL cover page.