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.
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.
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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