Capital One Announces Dividend Increase
April 30 2015 - 9:44AM
Business Wire
Company also declares preferred stock
dividend
Capital One Financial Corporation (NYSE: COF) today announced
its Board of Directors approved an increase in its quarterly
dividend from $0.30 per share to $0.40 per share payable May 21,
2015 to stockholders of record as of May 11, 2015. The company has
announced dividends on its common stock every quarter since it
became an independent company on February 28, 1995. Dividends
declared by the company are eligible for direct reinvestment in the
company's common stock under its Dividend Reinvestment and Stock
Purchase Plan. For additional Plan information, stockholders should
contact Computershare Trust Company, N.A., at 1-888-985-2057
(inside the U.S. and Canada) or 1-781-575-2725 (outside the U.S.
and Canada).
The company also declared a quarterly dividend on the
outstanding shares of its 6.00% Fixed Rate Non-Cumulative Perpetual
Preferred Stock, Series B (the "Series B Preferred Stock"). Each
outstanding share of the Series B Preferred Stock is represented by
depositary shares, each representing a 1/40th interest in a share
of Series B Preferred Stock. The dividend of $15.00 per share
(equivalent to $0.375 per outstanding depositary share) will be
paid on June 1, 2015 to stockholders of record at the close of
business on May 15, 2015.
The company also declared a quarterly dividend on the
outstanding shares of its 6.25% Fixed Rate Non-Cumulative Perpetual
Preferred Stock, Series C (the "Series C Preferred Stock"). Each
outstanding share of the Series C Preferred Stock is represented by
depositary shares, each representing a 1/40th interest in a share
of Series C Preferred Stock. The dividend of $15.625 per share
(equivalent to $0.390625 per outstanding depositary share) will be
paid on June 1, 2015 to stockholders of record at the close of
business on May 15, 2015.
The company also declared a quarterly dividend on the
outstanding shares of its 6.70% Fixed Rate Non-Cumulative Perpetual
Preferred Stock, Series D (the "Series D Preferred Stock"). Each
outstanding share of the Series D Preferred Stock is represented by
depositary shares, each representing a 1/40th interest in a share
of Series D Preferred Stock. The dividend of $16.75 per share
(equivalent to $0.41875 per outstanding depositary share) will be
paid on June 1, 2015 to stockholders of record at the close of
business on May 15, 2015.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a
financial holding company whose subsidiaries, which include Capital
One, N.A., and Capital One Bank (USA), N.A., had $210.4 billion in
deposits and $306.2 billion in total assets as of March 31, 2015.
Headquartered in McLean, Virginia, Capital One offers a broad
spectrum of financial products and services to consumers, small
businesses and commercial clients through a variety of channels.
Capital One, N.A. has branches located primarily in New York, New
Jersey, Texas, Louisiana, Maryland, Virginia and the District of
Columbia. A Fortune 500 company, Capital One trades on the New York
Stock Exchange under the symbol “COF” and is included in the
S&P 100 index.
Capital One Financial CorporationJulie Rakes,
804-284-5800julie.rakes@capitalone.com
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