MCLEAN, Va. - Capital One Financial Corporation (NYSE: NYSE:COF) has declared a quarterly dividend of $0.60 per common share, to be paid on May 24 to shareholders on record as of May 13, the company announced Thursday. This continues the company's practice of paying quarterly dividends since its establishment as an independent entity on February 28, 1995.
In addition to the common stock dividend, Capital One has also announced dividends for various series of preferred stock. Shareholders of the Series I Preferred Stock will receive a dividend of $12.50 per share, while Series J Preferred Stock holders are set to receive $12.00 per share. Both dividends are payable on June 3 to stockholders of record on May 17.
Similarly, dividends for Series K and Series L Preferred Stock have been declared at $11.5625 and $10.9375 per share, respectively, with the same record and payment dates as Series I and J. The Series M Preferred Stock will have a dividend of $9.875 per share, while the Series N Preferred Stock is set at $10.625 per share, also payable on June 3 to stockholders of record on May 17.
Capital One, a financial holding company with $351.0 billion in deposits and $481.7 billion in total assets as of March 31, operates primarily in the United States, offering financial products and services through various channels. It is a Fortune 500 company and is included in the S&P 100 index.
InvestingPro Insights
As Capital One Financial Corporation (NYSE: COF) affirms its commitment to shareholder returns with its latest dividend declaration, a closer look at the company's financial health through InvestingPro data and tips offers additional context for investors. According to InvestingPro, Capital One has shown a large price uptick over the last six months, with a 36.73% return, underscoring the company's strong performance in the market. Furthermore, the company's valuation implies a strong free cash flow yield, which can be an attractive point for investors seeking value in a company's stock.
Capital One's commitment to dividends is further evidenced by its history of maintaining dividend payments for 30 consecutive years, a testament to its financial stability and dedication to returning value to shareholders. As for the metrics, Capital One boasts a market capitalization of $54.17 billion and a Price/Earnings (P/E) ratio of 11.11, which is in line with the adjusted P/E ratio for the last twelve months as of Q1 2024. The company's revenue growth for the same period, however, shows a slight contraction of 0.16%, a figure that may warrant attention from investors considering the future revenue trajectory.
For those interested in a deeper dive, there are additional InvestingPro Tips available, providing further insights into Capital One's financial performance and market position. Prospective and current investors can explore these tips by visiting the dedicated page at https://www.investing.com/pro/COF. Plus, with the exclusive coupon code PRONEWS24, investors can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, granting access to an even broader array of financial data and expert analysis. Currently, there are 8 more InvestingPro Tips listed for Capital One, which could help investors make more informed decisions.
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