Capital One Financial Corp. Declares Quarterly Dividend of $0.40 (COF)

Capital One Financial Corp. (NYSE:COF) declared a quarterly dividend on Thursday, May 2nd, RTT News reports. Investors of record on Monday, May 13th will be given a dividend of 0.40 per share by the financial services provider on Thursday, May 23rd. This represents a $1.60 annualized dividend and a yield of 1.86%. The ex-dividend date is Friday, May 10th.

Capital One Financial has increased its dividend by an average of 2.2% per year over the last three years. Capital One Financial has a dividend payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Capital One Financial to earn $12.02 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 13.3%.

COF stock traded down $2.48 during trading on Friday, reaching $85.87. The stock had a trading volume of 2,785,100 shares, compared to its average volume of 2,437,699. The company has a market capitalization of $41.04 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.90 and a beta of 1.30. Capital One Financial has a one year low of $69.90 and a one year high of $101.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.99 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, April 25th. The financial services provider reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.22. Capital One Financial had a net margin of 18.47% and a return on equity of 10.95%. The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the prior year, the company posted $2.62 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts forecast that Capital One Financial will post 11.09 EPS for the current fiscal year.

COF has been the topic of several research reports. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Monday, April 1st. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $95.00 to $115.00 in a report on Tuesday, May 14th. ValuEngine raised shares of Capital One Financial from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $98.00 target price on shares of Capital One Financial in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $104.35.

In related news, insider Kleber Santos sold 2,928 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $84.54, for a total transaction of $247,533.12. Following the completion of the sale, the insider now directly owns 19,454 shares in the company, valued at $1,644,641.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.43% of the company’s stock.

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About Capital One Financial

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Dividend History for Capital One Financial (NYSE:COF)

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